Cerence Inc expected to post a loss of 14 cents a share - Earnings Preview

Cerence

04/08/2023 16:36

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 8. 
    * The Burlington Massachusetts-based  company is expected to
report  a 31.8% decrease in revenue to $60.73 million from
$89.04 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on May
9 2023, for the period ended June 30, was for revenue between
58.00 million and 62.00 million.
    * ​Refinitiv's mean analyst estimate for Cerence Inc is for
a loss
of 14 cents per share. The company's EPS guidance on May 9 2023,
for the period ended June 30, was between -0.21 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
$31​, above​ its last closing price of $26.46. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest and Taxes between -6.8
million and -2.8 million.The company's guidance on May 9 2023
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between 58 million and
-500 thousand ().The company's guidance on May 9 2023 for the
period ended June 30 was for gross profit margin between 61% and
63%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.13       -0.13      -0.04     Beat    68.1
 Dec. 31 2023  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.        0.34        0.34       0.33      Missed  -3.8
 31 2022                                                
 Dec. 31 2021  0.51        0.51       0.59      Beat    16.7​
 Sep. 30 2021  0.57        0.56       0.66      Beat    16.9
 Jun. 30 2021  0.55        0.54       0.62      Beat    13.9
 This summary was machine generated August 4 at 15:36 GMT.  All
figures in US dollars  unless otherwise stated