Acacia Research Corp expected to post a loss of 2 cents a share - Earnings Preview

Acacia Research

10/05/2023 03:02

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 11. 
    * The New York City-based  company is expected to report  a
18.5% increase in revenue to $16 million from $13.51 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 2 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The average consensus recommendation for the business
support
services peer group is also "Buy".​
    * Wall Street's median 12-month price target for Acacia
Research
Corp is $7​, above​ its last closing price of $3.91. ​​​

This summary was machine generated May 10 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated