Cerence Inc expected to post a loss of 23 cents a share - Earnings Preview

Cerence

25/11/2022 13:02

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 29. 
    * The Burlington Massachusetts-based  company is expected to
report  a 42.8% decrease in revenue to $56.053 million from
$98.08 million a year ago, according to the mean estimate from
11 analysts, based on Refinitiv data. The company's guidance on
August 9 2022, for the period ended September 30, was for
revenue between $52.00 million and $58.00 million.
    * ​Refinitiv's mean analyst estimate for Cerence Inc is for
a loss
of 23 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "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
$25​, above​ its last closing price of $16.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.51        0.51       0.59      Beat    16.7​
 Sep. 30 2021  0.57        0.56       0.66      Beat    16.9
 ​​Jun.        0.55        0.54       0.62      Beat    13.9
 30 2021                                                
 Mar. 31 2021  0.52        0.52       0.69      Beat    31.8​
 Dec. 31 2020  0.51        0.51       0.59      Beat    16.2
 Sep. 30 2020  0.35        0.34       0.61      Beat    77.5
 This summary was machine generated November 25 at 13:02 GMT. 
All figures in US dollars  unless otherwise stated