Cerence Inc expected to post earnings of 15 cents a share - Earnings Preview

Cerence

24/11/2023 12:10

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a rise
in
quarterly revenue when it reports  results  for the period
ending June 30 2023
    * The Burlington Massachusetts-based  company is expected to
report a 26.2% increase in revenue to $73.377 million from
$58.14 million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on August 8
2023, for the period ended September 30, was for revenue between
72.00 million and 76.00 million.
    * ​LSEG's mean analyst estimate for Cerence Inc is for
earnings of
15 cents per share. The company's EPS guidance on August 8 2023,
for the period ended September 30, was between 0.08 and 0.18 
    * 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
$31.50​, above​ its last closing price of $16.94. ​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
7.4 million and 11.4 million.The company's guidance on August 8
2023 for the period ended September 30 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 72
million and 13.5 million.The company's guidance on August 8 2023
for the period ended September 30 was for gross profit margin
between 72% and 73%.
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 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​
 Sep. 30 2022  -0.23       -0.23      -0.14     Beat    38.8
 ​​Jun.        0.43        0.42       0.43      Beat    1.4
 30 2022                                                
 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
 This summary was machine generated November 24 at 12:09 GMT. 
All figures in US dollars unless otherwise stated