Cerence Inc expected to post earnings of 35  cents a share - Earnings Preview

Cerence

06/05/2022 18:01

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 10. 
    * The Burlington Massachusetts-based  company is expected to
report  a 14.0% decrease in revenue to $84.869 million from
$98.66 million a year ago, according to the mean estimate from
12 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cerence Inc is for
earnings of 35 cents per share. For the same quarter last year,
the company reported earnings of 69 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "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
$53.5​, above​ its last closing price of $29.54. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.55        0.54       0.62      Beat    13.9​
 Mar. 31 2021  0.52        0.52       0.69      Beat    31.8
 ​​Dec.        0.51        0.51       0.59      Beat    16.2
 31 2020                                                
 Sep. 30 2020  0.35        0.34       0.61      Beat    77.5​
 Jun. 30 2020  0.06        0.07       0.31      Beat    342
 Mar. 31 2020  0.13        0.12       0.43      Beat    258.3
 This summary was machine generated May 6 at 17:00 GMT.  All
figures in US dollars  unless otherwise stated