Acacia Research Corp expected to post a loss of 6 cents a share - Earnings Preview

Acacia Research

12/11/2021 22:35

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected to show a
fall in quarterly revenue when it reports  results on November
15. 
* The New York City, New York-based company is expected to
report  a 80.7% decrease in revenue to $3.75 million from $19.47
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 6 cents per share. For the same quarter last year,
the company reported a loss of 12 cents per share.
* 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 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​, about 32.3% above​ its last closing price
of $5.42. ​​​
This summary was machine generated November 12 at 22:35 GMT. 
All figures in US dollars  unless otherwise stated