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

Acacia Research

03/08/2023 23:40

* Acacia Research Corp  ACTG.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for earnings of one
cent per share.
    * Revenue fell 52.7% to $7.90 million from a year ago;
analysts
expected $16.00 million. 
    * Acacia Research Corp's reported EPS for the quarter was a
loss
of 36 cents​.
    * The mean earnings estimate of analysts had risen by
about 150%
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 3.6% this
quarter and
lost 4.8% so far this year.
    * The company reported a quarterly loss of $21.16 million.
    * Wall Street's median 12-month price target for Acacia
Research
Corp is $7.00 
    * 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 LSEG Refinitiv data
August 3 at 10:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.01           -0.13          Missed
 Mar. 31 2023      -0.02          0.15           Beat
 Sep. 30 2022      -0.04          0.58           Beat