Astera Labs (ALAB) to Report Q1 Earnings: What's in Store?

Zacks05-04

Astera Labs ALAB is scheduled to report first-quarter 2024 results on May 7. The Zacks Consensus Estimate for first-quarter 2024 earnings is pegged at 4 cents per share, down from 11 cents in the past...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAstera Labs (ALAB) to Report Q1 Earnings: What's in Store?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 00:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/astera-labs-alab-report-q1-163200569.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Astera Labs ALAB is scheduled to report first-quarter 2024 results on May 7.\nThe Zacks Consensus Estimate for first-quarter 2024 earnings is pegged at 4 cents per share, down from 11 cents in the past...</p>\n\n<a href=\"https://finance.yahoo.com/news/astera-labs-alab-report-q1-163200569.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANET","symbol_name":"Arista Networks, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/astera-labs-alab-report-q1-163200569.html","article_id":"2432187584","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2osTdaZSHf_5LJmwZzjWtw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/32e3eb8c0cc46c163964cde251fb4426"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432187584","pubTimestamp":1714753920,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Astera Labs ALAB is scheduled to report first-quarter 2024 results on May 7.The Zacks Consensus Estimate for first-quarter 2024 earnings is pegged at 4 cents per share, down from 11 cents in the past 30 days.The consensus mark for revenues is pegged at $56.65 million.Astera Lab offers semiconductor-based connectivity solutions customized to leverage the full potential of cloud and AI infrastructure. It had revenues of $116 million in 2023. ALAB started trading on Mar 20, 2024.Astera Labs, Inc. price-eps-surprise | Astera Labs, Inc. Quote. In March, Astera Labs expanded its Aries PCIe/CXL Smart DSP Retimer portfolio to include low-power PCIe 6x and CXL 3x connectivity solutions for data-centric systems, offering industry-leading performance and interoperability. Benefits from this expansion are likely to have been reflected in the to-be-reported quarter.In March, AVGO introduced the world's first 5nm PCIe Gen 5.0/CXL2.0 and PCIe Gen 6.0/CXL3.1 retimers, enhancing AI server capabilities ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ANET":"Arista Networks, Inc.","ALAB":"Astera Labs, Inc."},"translate_title":"阿斯特拉实验室（ALAB）将报告Q1收益：商店里有什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALAB":1,"ANET":0.9},"content_text":"Astera Labs ALAB is scheduled to report first-quarter 2024 results on May 7.\nThe Zacks Consensus Estimate for first-quarter 2024 earnings is pegged at 4 cents per share, down from 11 cents in the past 30 days.\nThe consensus mark for revenues is pegged at $56.65 million.\nAstera Lab offers semiconductor-based connectivity solutions customized to leverage the full potential of cloud and AI infrastructure. It had revenues of $116 million in 2023. ALAB started trading on Mar 20, 2024.\n\nAstera Labs, Inc. Price and EPS Surprise\n  \nAstera Labs, Inc. price-eps-surprise | Astera Labs, Inc. Quote\n\nLet’s see how things have shaped up prior to ALAB’s first-ever earnings announcement.\nFactors to Note\nAstera Labs’ first quarter 2024 revenues are likely to have benefited from increasing demand for AI server and data center infrastructure.\nStrong momentum across its three key product families, Aries, Taurus, and Leo, is likely to have contributed well.\nThe company’s robust peripheral component interface express (PCIe) retimers under the Aries product line are expected to have presented significant growth opportunity for Astera in the PCIe retimer market during the quarter under review.\nAccording to Valuates latest report, the global PCIe retimer market is expected to grow at a CAGR of 46.8% between 2024 and 2030.\nIn March, Astera Labs expanded its Aries PCIe/CXL Smart DSP Retimer portfolio to include low-power PCIe 6x and CXL 3x connectivity solutions for data-centric systems, offering industry-leading performance and interoperability. Benefits from this expansion are likely to have been reflected in the to-be-reported quarter.\nIn January, Astera Labs also announced the sampling of its Aries PCIe and CXL Smart Cable Modules for robust, long-reach copper cabling connectivity in cloud and AI infrastructure, furthering their leadership in high-performance connectivity solutions. This is expected to have been a tailwind for the company.\nALAB’s expanding portfolio is expected to have aided it in fending off competition from other industry players like Broadcom AVGO, which is also making strong efforts in the PCIe retimers market.\nIn March, AVGO introduced the world's first 5nm PCIe Gen 5.0/CXL2.0 and PCIe Gen 6.0/CXL3.1 retimers, enhancing AI server capabilities with extended reach and lower power consumption.\nWhat Our Model Says\nPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Astera Labs currently has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nStocks to Consider\nHere are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:Arista Networks ANET has an Earnings ESP of +2.49% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Arista Networks’ shares have gained 17.7% year to date. ANET is set to report its first-quarter 2024 results on May 7.NVIDIA NVDA has an Earnings ESP of +2.50% and a Zacks Rank #2.NVIDIA’s shares have gained 78.8% year to date. NVDA is scheduled to release first-quarter fiscal 2025 results on May 22.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nBroadcom Inc. (AVGO) : Free Stock Analysis Report\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nAstera Labs, Inc. (ALAB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432187584"}