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

Adeia

21/02/2024 10:43

* Adeia Inc  ADEA.OQ  reported quarterly adjusted earnings
of 27
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of two analysts for the quarter was
for earnings of 25 cents per share. Wall Street expected
results to range from 24 cents to 26 cents per share.
    * Revenue fell 15.9% to $86.87 million from a year ago;
analysts
expected $88.85 million. 
    * Adeia Inc's reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of $12.7
million.
    * Adeia Inc shares had fallen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 21 at
10:42 a.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 2023      0.25           0.27           Beat
 Sep. 30 2023      0.26           0.38           Beat
 Jun. 30 2023      0.25           0.26           Beat
 Mar. 31 2023      0.33           0.48           Beat