Cerence Inc expected to post a loss of 22 cents a share - Earnings Preview

Cerence

07/05/2024 13:33

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Burlington Massachusetts-based  company is expected to
report a 9.1% decrease in revenue to $62.149 million from $68.39
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on February
6 2024, for the period ended March 31, was for revenue between
60.00 million and 64.00 million.
    * ​LSEG's mean analyst estimate for Cerence Inc is for a
loss
of 22 cents per share. The company's EPS guidance on February 6
2024, for the period ended March 31, was between -0.28 and
-0.19 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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
$21.00​, above​ its last closing price of $10.11. ​​​

The company's guidance on February 6 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
-10.2 million and -6.2 million.The company's guidance on
February 6 2024 for the period ended March 31 was for Earnings
before Interest, Taxes, Depreciation and Amortization of between
60 million and -7 million ().The company's guidance on February
6 2024 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  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.90        0.90       1.12      Beat    24.5
 Sep. 30 0001  0.15        0.15       0.09      Missed  -38.6
 Jun. 30 2023  -0.14       -0.14      -0.04     Beat    71.3​
 Mar. 31 2023  -0.13       -0.13      -0.04     Beat    68.1
 ​​Jan.        0.09        0.09       0.36      Beat    294.7
 1 0001                                                 
 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
 This summary was machine generated May 7 at 12:33 GMT.  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)