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

Acacia Research

02/08/2023 03:03

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 3. 
    * The New York City-based  company is expected to report  a
4.3% decrease in revenue to $16 million from $16.72 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 earnings of 1 cent 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​, above​ its last closing price of $4.00. ​​​

This summary was machine generated August 2 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated