Adeia Inc expected to post earnings of 30cents a share - Earnings Preview

Adeia

21/02/2023 03:01

* Adeia Inc  ADEA.OQ   ADEA.O  is expected to show a fall in
quarterly revenue when it reports  results on February 22. 
    * The San Jose California-based  company is expected to
report  a
52.7% decrease in revenue to $101.508 million from $214.45
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
November 9 2022, for the period ended December 31, was for
revenue between $95.00 million and $110.00 million.
    * ​Refinitiv's mean analyst estimate for Adeia Inc is for
earnings
of 30 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$16.5​, above​ its last closing price of $10.60. ​​​

The company's guidance on November 9 2022 for the period ended
December 31 was for Capital Expenditures of USD200 thousand.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.30        0.32       0.31      Missed  -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​
 Dec. 31 2021  0.34        0.33       0.30      Missed  -10.1
 ​​Sep.        0.33        0.34       0.53      Beat    57.6
 30 2021                                                
 Jun. 30 2021  0.42        0.42       0.61      Beat    46.8​
 Mar. 31 2021  0.46        0.47       0.59      Beat    26.6
 Dec. 31 2020  1.84        1.84       2.10      Beat    14.2
 This summary was machine generated February 21 at 03:01 GMT. 
All figures in US dollars  unless otherwise stated