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

Acacia Research

11/08/2022 16:04

* Acacia Research Corp  ACTG.OQ  reported a quarterly
adjusted
loss of 60 cents​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for a loss of 4 cents
per share.
    * Revenue fell 3.9% to $16.72 million from a year ago;
analysts
expected $13.50 million. 
    * Acacia Research Corp's reported EPS for the quarter was a
loss
of $1.44​.
    * The mean earnings estimate of analysts had fallen by
about 300%
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 0.4% this
quarter and
lost 2.1% so far this year.
    * The company reported a quarterly loss of $63.44 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 from Refinitiv data August 11
at 03:04 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.04          -0.60          Missed
 Mar. 31 2022      -0.01          -0.99          Missed
 Dec. 31 2021      -0.04          -0.52          Missed
 Sep. 30 2021      -0.06          -0.26          Missed