Adeia Inc expected to post earnings of 33  cents a share - Earnings Preview

Adeia

06/05/2023 03:01

* Adeia Inc  ADEA.OQ   ADEA.O  is expected to show a fall in
quarterly revenue when it reports  results on May 8. 
    * The San Jose California-based  company is expected to
report  a
61.6% decrease in revenue to $98.968 million from $257.42
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Adeia Inc is for
earnings
of 33 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
$16.5​, above​ its last closing price of $7.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.32        0.30       0.41      Beat    38.2
 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.        0.34        0.33       0.30      Missed  -10.1
 31 2021                                                
 Sep. 30 2021  0.33        0.34       0.53      Beat    57.6​
 Jun. 30 2021  0.42        0.42       0.61      Beat    46.8
 Mar. 31 2021  0.46        0.47       0.59      Beat    26.6
 This summary was machine generated May 6 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated