Adeia Inc expected to post earnings of 25 cents a share - Earnings Preview

Adeia

16/02/2024 21:53

* Adeia Inc  ADEA.OQ   ADEA.O  is expected to show a fall in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
14.0% decrease in revenue to $88.847 million from $103.29
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (SAL majority is on Revenue basis)
    * ​LSEG's mean analyst estimate for Adeia Inc is for
earnings of
25 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
$16.00​, above​ its last closing price of $12.37. ​​​

This summary was machine generated February 16 at 21:53 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)