Acacia Research Corp expected to post earnings of 7 cents a share - Earnings Preview

Acacia Research

12/03/2024 21:04

* Acacia Research Corp  ACTG.OQ   ACTG.O  is expected
to show a
fall in quarterly revenue when it reports  results on March 14
for the period ending December 31 2023
    * The New York City-based  company is expected to report a
39.0% decrease in revenue to $8 million from $13.12 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
earnings of 7 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 $6.00​, above​ its last closing price of $4.02. ​​​

This summary was machine generated March 12 at 21:04 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)