Acacia Research Corp expected to post a loss of 4  cents a share - Earnings Preview

Acacia Research

09/08/2022 19:31

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected
to show a
fall in quarterly revenue when it reports  results on August
11. 
    * The New York City-based  company is expected to report  a
22.4% decrease in revenue to $13.5 million from $17.4 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 4 cents per share. For the same quarter last year,
the company reported earnings of 4 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 $5.00. ​​​

This summary was machine generated August 9 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated