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

Acacia Research

11/05/2023 22:44

* Acacia Research Corp  ACTG.OQ  reported quarterly adjusted
earnings of 15 cents​​ per share for the quarter ended in March.
The lone analyst forecast for the quarter was for a loss of 2
cents per share.
    * Revenue rose 9.6% to $14.80 million from a year ago;
analysts
expected $16.00 million. 
    * Acacia Research Corp's reported EPS for the quarter was a
loss
of 7 cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Acacia Research Corp shares had risen by 3.6% this
quarter and
lost 5.0% so far this year.
    * The company reported a quarterly loss of $6.5 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 May
11 at 09:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.02          0.15           Beat
 Sep. 30 2022      -0.04          0.58           Beat
 Jun. 30 2022      -0.04          -0.60          Missed