Peraso Inc reports results for the quarter ended June 30 - Earnings Summary

• Peraso Inc PRSO.OQ reported a quarterly adjusted loss of 28 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -88 cents. The mean expectation of two analysts for the quarter was for a loss of 45 cents per share. Wall Street expected results to range from -47 cents to -44 cents per share.

• Revenue fell 46% to $2.22 million from a year ago; analysts expected $2.68 million.

• Peraso Inc's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $1.83 million.

• Peraso Inc shares had fallen by 21.5% this quarter and lost 26.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Peraso Inc is $3.31, about 74.1% above its last closing price of $0.86

This summary was machine generated from LSEG data August 11 at 09:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)