Acacia Research Corp expected to post breakeven results a share - Earnings Preview

Acacia Research

08/05/2024 03:06

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
25.7% decrease in revenue to $11 million from $14.8 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Acacia Research Corp is
for
breakeven results 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 $7.00​, above​ its last closing price of $5.21. ​​​

This summary was machine generated May 8 at 02:05 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)