Cerence Inc expected to post earnings of 9cents a share - Earnings Preview

Cerence

06/02/2023 12:05

* Cerence Inc  CRNC.OQ   CRNC.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 8. 
    * The Burlington Massachusetts-based  company is expected to
report  a 18.9% decrease in revenue to $76.548 million from
$94.43 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cerence Inc is for
earnings of 9 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Cerence Inc
is
$24.5​, below​ its last closing price of $28.43. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.23       -0.23      -0.14     Beat    38.8
 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
 ​​Sep.        0.57        0.56       0.66      Beat    16.9
 30 2021                                                
 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. 31 2020  0.51        0.51       0.59      Beat    16.2
 This summary was machine generated February 6 at 12:05 GMT.  All
figures in US dollars  unless otherwise stated