Cerence Inc expected to post earnings of 90 cents a share - Earnings Preview

Cerence

02/02/2024 12:02

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Burlington Massachusetts-based  company is expected to
report a 56.7% increase in revenue to $131.128 million from
$83.66 million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on November
27 2023, for the period ended December 31, was for revenue
between 128.00 million and 132.00 million.
    * ​LSEG's mean analyst estimate for Cerence Inc is for
earnings of
90 cents per share. The company's EPS guidance on November 27
2023, for the period ended December 31, was between 0.84 and
0.92 
    * 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
$21.50​, above​ its last closing price of $20.19. ​​​

The company's guidance on November 27 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
56.2 million and 60.2 million.The company's guidance on November
27 2023 for the period ended December 31 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 128
million and 62 million.The company's guidance on November 27
2023 for the period ended December 31 was for gross profit
margin between 81% and 82%.
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 2023  0.15        0.15       0.09      Missed  -38.6
 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.        -0.23       -0.23      -0.14     Beat    38.8
 30 2022                                                
 Jun. 30 2022  0.43        0.42       0.43      Beat    1.4​
 Mar. 31 2022  0.34        0.34       0.33      Missed  -3.8
 Dec. 31 2021  0.51        0.51       0.59      Beat    16.7
 This summary was machine generated February 2 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)