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

Cerence

08/02/2023 13:02

* Cerence Inc  CRNC.OQ  reported quarterly adjusted earnings
of 36
cents​​ per share for the quarter ended in December. The mean
expectation of nine analysts for the quarter was for earnings of
9 cents per share.
    * Revenue fell 11.4% to $83.66 million from a year ago;
analysts
expected $76.55 million. 
    * Cerence Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Cerence Inc shares had risen by 52.9% this quarter.
    * The company reported a quarterly loss of $2.16 million.
    * Wall Street's median 12-month price target for Cerence Inc
is
$24.50 
    * 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." 

This summary was machine generated from Refinitiv data February
8 at 01:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.09           0.36           Beat
 Sep. 30 2022      -0.23          -0.14          Beat
 Jun. 30 2022      0.42           0.43           Beat
 Mar. 31 2022      0.34           0.33           Missed