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

Cerence

09/08/2022 16:53

* Cerence Inc  CRNC.OQ  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for earnings
of 42 cents per share.
    * Revenue fell 8% to $89.04 million from a year ago;
analysts
expected $91.70 million. 
    * Cerence Inc's reported EPS for the quarter was a loss of
$2.53​.
    * The mean earnings estimate of analysts had fallen by
about 7.6%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Cerence Inc shares had risen by 17.9% this quarter and
lost 61.2% so far this year.
    * The company reported a quarterly loss of $99.27 million.
    * Wall Street's median 12-month price target for Cerence Inc
is
$40.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 03:52 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.42           0.43           Beat
 Mar. 31 2022      0.34           0.33           Missed
 Dec. 31 2021      0.51           0.59           Beat
 Sep. 30 2021      0.56           0.66           Beat