Adeia Inc reports results for the quarter ended December 31 - Earnings Summary

Adeia

18/02/2025 22:01

* Adeia Inc  ADEA.OQ  reported quarterly adjusted earnings
of 47
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 27
cents.  The mean expectation of three analysts for the quarter
was for earnings of 43 cents per share. Wall Street expected
results to range from 41 cents to 44 cents per share.
    * Revenue rose 37.2% to $119.17 million from a year ago;
analysts
expected $114.22 million. 
    * Adeia Inc's reported EPS for the quarter was 32 cents​.
    * The company reported quarterly net income of $36.03
million.
    * Adeia Inc shares had fallen by 5.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Adeia Inc is
$16.00 
This summary was machine generated from LSEG data February 18 at
10:00 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
 Dec. 31 2024      0.43           0.47           Beat
 Sep. 30 2024      0.39           0.27           Missed
 Jun. 30 2024      0.23           0.28           Beat
 Mar. 31 2024      0.21           0.25           Beat