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

Cerence

09/05/2023 13:45

* Cerence Inc  CRNC.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for a loss
of 13 cents per share.
    * Revenue fell 20.7% to $68.39 million from a year ago;
analysts
expected $65.96 million. 
    * Cerence Inc's reported EPS for the quarter was a loss
of 65
cents​.
    * The mean earnings estimate of analysts had fallen by
about 170.1% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cerence Inc shares had fallen by 5.2% this quarter and
gained 43.7% so far this year.
    * The company reported a quarterly loss of $26.09 million.
    * Wall Street's median 12-month price target for Cerence Inc
is
$32.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 12:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.13          -0.04          Beat
 Dec. 31 2022      0.09           0.36           Beat
 Sep. 30 2022      -0.23          -0.14          Beat
 Jun. 30 2022      0.42           0.43           Beat