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

Acacia Research

12/05/2022 16:58

* Acacia Research Corp  ACTG.OQ  reported a quarterly
adjusted
loss of 99 cents​​ per share for the quarter ended in March. The
lone analyst forecast for the quarter was for a loss of one cent
per share.
    * Revenue rose 132.8% to $13.51 million from a year ago; 
analysts
expected $13.50 million. 
    * Acacia Research Corp's reported EPS for the quarter was a
loss
of $1.61​.
    * The mean earnings estimate of analysts had fallen by
about 116.7% 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 risen by 3.1% this
quarter and
lost 9.4% so far this year.
    * The company reported a quarterly loss of $75.12 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 May 12 at 03:57 p.m.  ​All
figures in US dollars unless otherwise stated