Cerence Inc expected to post a loss of 26 cents a share - Earnings Preview

Cerence

04/02/2025 21:43

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2024
    * The Burlington Massachusetts-based  company is expected to
report a 63.2% decrease in revenue to $50.844 million from
$138.34 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.The company's guidance on
November 21 2024, for the period ended December 31, was for
revenue between $47.00 million and $50.00 million.
    * ​LSEG's mean analyst estimate for Cerence Inc is for a
loss
of 26 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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
$10.00​, below​ its last closing price of $11.37. ​​​

The company's guidance on November 21 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 47 million and -6
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  -0.37       -0.36      -0.07     Beat    80.8
 Jun. 30 2024  0.05        0.05       0.19      Beat    315.7
 Mar. 31 2024  -0.22       -0.22      -0.09     Beat    59.1​
 Dec. 31 2023  0.90        0.90       1.12      Beat    24.5
 ​​Sep.        0.15        0.15       0.09      Missed  -38.6
 30 2023                                                
 Jun. 30 2023  -0.14       -0.14      -0.04     Beat    71.3​
 Mar. 31 2023  -0.13       -0.13      -0.04     Beat    68.1
 Dec. 31 2022  0.09        0.09       0.36      Beat    294.7
 This summary was machine generated February 4 at 21:43 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)