Adeia Inc expected to post earnings of 21 cents a share - Earnings Preview

Adeia

04/05/2024 02:29

* Adeia Inc  ADEA.OQ   ADEA.O  is expected to show a fall in
quarterly revenue when it reports  results on May 6 for the
period ending January 1 0001
    * The San Jose California-based  company is expected to
report a
30.2% decrease in revenue to $81.85 million from $117.31 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Adeia Inc is for
earnings of
21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Adeia Inc
is
$15.00​, above​ its last closing price of $9.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.25        0.25       0.27      Beat    8.7
 Sep. 30 2023  0.26        0.26       0.38      Beat    47.9
 Jun. 30 2023  0.25        0.25       0.26      Beat    2.4​
 Mar. 31 2023  0.33        0.33       0.48      Beat    45.6
 ​​Dec.        0.32        0.30       0.41      Beat    38.2
 31 2022                                                
 Sep. 30 2022  0.30                   0.31              -2​
 Jun. 30 2022  0.43        0.40       0.52      Beat    29.8
 Mar. 31 2022  0.64        0.63       0.92      Beat    45.3
 This summary was machine generated May 4 at 01:29 GMT.  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)