Acacia Research Corp expected to post a loss of 1  cent a share - Earnings Preview

Acacia Research

10/05/2022 19:25

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 12. 
    * The New York City-based  company is expected to report  a
132.6% increase in revenue to $13.5 million from $5.8 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Acacia Research
Corp is
for a loss of 1 cent per share. For the same quarter last year,
the company reported earnings of 43 cents per share.
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Acacia
Research
Corp is $8​, above​ its last closing price of $4.58. ​​​

This summary was machine generated May 10 at 18:25 GMT.  All
figures in US dollars  unless otherwise stated