Acacia Research Corp reports results for the quarter ended September 30 - Earnings Summary

Acacia Research

12/11/2024 15:28

* Acacia Research Corp  ACTG.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 15 cents.  The lone analyst forecast for the quarter was
for earnings of one cent per share. 
    * Revenue rose 131.2% to $23.31 million from a year ago;
analysts
expected $27.25 million. 
    * Acacia Research Corp's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $14 million.
    * Acacia Research Corp shares had risen by 1.5% this
quarter and
gained 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 91.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Acacia Research
Corp is $7.00 
This summary was machine generated from LSEG data November 12 at
03:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.01           -0.14          Missed
 Jun. 30 2024      0.08           -0.08          Missed
 Mar. 31 2024      0.00           0.28           Beat
 Dec. 31 2023      0.07           0.62           Beat