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

Acacia Research

17/11/2021 02:21

* Acacia Research Corp  ACTG.OQ  reported a quarterly adjusted
loss of 26 cents​​ per share for the quarter ended in September.
The lone analyst forecast for the quarter was for a loss of 6
cents per share.
* Revenue fell 91.9% to $1.58 million from a year ago;  analysts
expected $3.75 million. 
* Acacia Research Corp's reported EPS for the quarter was 86
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 18.7% this
quarter and gained 40.1% so far this year.
* The company reported quarterly net income of $80.17 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 November 17 at 02:21 a.m.
 ​All figures in US dollars unless otherwise stated