Adeia Inc reports results for the quarter ended in September 30 - Earnings Summary

Adeia

08/11/2024 04:27

* Adeia Inc  ADEA.OQ  reported quarterly adjusted earnings
of 27
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 38
cents.  The mean expectation of three analysts for the quarter
was for earnings of 39 cents per share. Wall Street expected
results to range from 35 cents to 43 cents per share.
    * Revenue fell 15.1% to $86.10 million from a year ago;
analysts
expected $111.13 million. 
    * Adeia Inc's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $19.31
million.
    * Adeia Inc shares had risen by 18.0% this quarter and
gained 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
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
15.00 
This summary was machine generated from LSEG data November 8 at
04:27 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
 Sep. 30 2024      0.39           0.27           Missed
 Jun. 30 2024      0.23           0.28           Beat
 Mar. 31 2024      0.21           0.25           Beat
 Dec. 31 2023      0.25           0.27           Beat