Cerence Inc expected to post a loss of 36 cents a share - Earnings Preview

Cerence

19/11/2024 12:02

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 21 for
the period ending September 30 2024
    * The Burlington Massachusetts-based  company is expected to
report a 41.0% decrease in revenue to $47.65 million from $80.8
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on August 8
2024, for the period ended September 30, was for revenue between
44.00 million and 50.00 million.
    * ​LSEG's mean analyst estimate for Cerence Inc is for a
loss
of 36 cents per share. The company's EPS guidance on August 8
2024, for the period ended September 30, was between -18.60 and
-12.60 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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
$4.25​, above​ its last closing price of $2.93. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
-20.9 million and -14.9 million.The company's guidance on August
8 2024 for the period ended September 30 was for gross profit
margin between 56% and 61%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  0.15        0.15       0.09      Missed  -38.6
 ​​Jun.        -0.14       -0.14      -0.04     Beat    71.3
 30 2023                                                
 Mar. 31 2023  -0.13       -0.13      -0.04     Beat    68.1​
 Dec. 31 2022  0.09        0.09       0.36      Beat    294.7
 Sep. 30 2022  -0.23       -0.23      -0.14     Beat    38.8
 This summary was machine generated November 19 at 12:02 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)