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

Cerence

10/05/2022 15:18

* Cerence Inc  CRNC.OQ  reported quarterly adjusted earnings
of 33
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of 34 cents per share.
    * Revenue fell 12.5% to $86.28 million from a year ago; 
analysts
expected $84.62 million. 
    * Cerence Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Cerence Inc shares had fallen by 26.7% this quarter and
lost 65.5% so far this year.
    * The company reported quarterly net income of $476
thousand.
    * Wall Street's median 12-month price target for Cerence Inc
is
$53.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 10 at 02:18 p.m.  ​All
figures in US dollars unless otherwise stated