Acacia Research Corp reports results for the quarter ended in June - Earnings Summary

Acacia Research

16/08/2021 14:22

* Acacia Research Corp  ACTG.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in June.
The lone analyst forecast for the quarter was for earnings of 5
cents per share.
* Revenue rose 721.5% to $17.40 million from a year ago; 
analysts expected $3.75 million. 
* Acacia Research Corp's reported EPS for the quarter was 23
cents​.
* The mean earnings estimate of analysts was unchanged in the
last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Acacia Research Corp shares had fallen by 14.9% this
quarter and gained 45.9% so far this year.
* The company reported quarterly net income of $18.79 million.
* Wall Street's median 12-month price target for Acacia Research
Corp is $8.00 
* 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." 
This summary was machine generated August 16 at 01:22 p.m.  ​All
figures in US dollars unless otherwise stated