Cerence Inc expected to post earnings of 5 cents a share - Earnings Preview

Cerence

06/08/2024 15:14

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Burlington Massachusetts-based  company is expected to
report a 11.0% increase in revenue to $68.469 million from
$61.66 million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on July 2
2024, for the period ended June 30, was for revenue between
66.00 million and 72.00 million.
    * ​LSEG's mean analyst estimate for Cerence Inc is for
earnings of
5 cents per share. The company's EPS guidance on May 9 2024, for
the period ended June 30, was between -0.01 and 0.13 
    * 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
$6.25​, above​ its last closing price of $2.44. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest and Taxes between 2.4
million and 8.4 million.The company's guidance on July 2 2024
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between 66 million and
10.5 million.The company's guidance on May 9 2024 for the period
ended June 30 was for gross profit margin between 70% and 72%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.22       -0.22      -0.09     Beat    59.1
 Dec. 31 2024  0.90        0.90       1.12      Beat    24.5
 Sep. 30 2023  0.15        0.15       0.09      Missed  -38.6​
 Jun. 30 2023  -0.14       -0.14      -0.04     Beat    71.3
 ​​Mar.        -0.13       -0.13      -0.04     Beat    68.1
 31 2023                                                
 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. 30 2022  0.43        0.42       0.43      Beat    1.4
 This summary was machine generated August 6 at 14:14 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)