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

Adeia

08/05/2023 23:27

* Adeia Inc  ADEA.OQ  reported quarterly adjusted earnings
of 48
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 33 cents per share.
    * Revenue fell 54.4% to $117.31 million from a year ago;
analysts
expected $98.97 million. 
    * Adeia Inc's reported EPS for the quarter was 26 cents​.
    * The mean earnings estimate of analysts had risen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Adeia Inc shares had fallen by 18.3% this quarter and
lost 23.6%
so far this year.
    * The company reported quarterly net income of $29.02
million.
    * Wall Street's median 12-month price target for Adeia Inc
is
$16.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
8 at 10:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.33           0.48           Beat
 Dec. 31 2022      0.30           0.41           Beat
 Sep. 30 2022      0.32           0.31           Missed
 Jun. 30 2022      0.40           0.52           Beat