Cerence Inc reports results for the quarter ended December 31 - Earnings Summary

Cerence

07/02/2025 02:00

* Cerence Inc  CRNC.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of
$1.12.  The mean expectation of six analysts for the quarter was
for a loss of 26 cents per share. Wall Street expected
results to range from -30 cents to -17 cents per share.
    * Revenue fell 63.2% to $50.90 million from a year ago;
analysts
expected $50.84 million. 
    * Cerence Inc's reported EPS for the quarter was a loss
of 57
cents​.
    * The company reported a quarterly loss of $24.29 million.
    * Cerence Inc shares had risen by 66.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 402.3% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Cerence Inc is
$10.00 
This summary was machine generated from LSEG data February 7 at
02:00 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      -0.26          -0.03          Beat
 Sep. 30 2024      -0.36          -0.07          Beat
 Jun. 30 2024      0.05           0.19           Beat
 Mar. 31 2024      -0.22          -0.09          Beat