Cerence Inc expected to post a loss of 13 cents a share - Earnings Preview

Cerence

05/05/2023 16:34

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9. 
    * The Burlington Massachusetts-based  company is expected to
report  a 23.5% decrease in revenue to $65.964 million from
$86.28 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
February 8 2023, for the period ended March 31, was for revenue
between 64.00 million and 68.00 million.
    * ​Refinitiv's mean analyst estimate for Cerence Inc is for
a loss
of 13 cents per share. The company's EPS guidance on February 8
2023, for the period ended March 31, was between -0.18 and
-0.11 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"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 Cerence Inc
is
$32​, above​ its last closing price of $25.71. ​​​

The company's guidance on February 8 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between -2.3
million and 1.2 million.The company's guidance on February 8
2023 for the period ended March 31 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 64
million and 4.2 million.The company's guidance on February 8
2023 for the period ended March 31 was for gross profit margin
between 62% and 64%.
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  0.09        0.09       0.36      Beat    294.7
 Sep. 30 2022  -0.23       -0.23      -0.14     Beat    38.8
 Jun. 30 2022  0.43        0.42       0.43      Beat    1.4​
 Mar. 31 2022  0.34        0.34       0.33      Missed  -3.8
 ​​Dec.        0.51        0.51       0.59      Beat    16.7
 31 2021                                                
 Sep. 30 2021  0.57        0.56       0.66      Beat    16.9​
 Jun. 30 2021  0.55        0.54       0.62      Beat    13.9
 Mar. 31 2021  0.52        0.52       0.69      Beat    31.8
 This summary was machine generated May 5 at 15:34 GMT.  All
figures in US dollars  unless otherwise stated