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

Cerence

29/11/2022 14:00

* Cerence Inc  CRNC.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in September. The mean
expectation of eleven analysts for the quarter was for a loss
of 23 cents per share.
    * Revenue fell 40.7% to $58.14 million from a year ago;
analysts
expected $56.05 million. 
    * Cerence Inc's reported EPS for the quarter was a loss of
$5.84​.
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Cerence Inc shares had fallen by 2.5% this quarter and
lost 80.0% so far this year.
    * The company reported a quarterly loss of $230.13 million.
    * Wall Street's median 12-month price target for Cerence Inc
is
$25.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
29 at 02:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.23          -0.14          Beat
 Jun. 30 2022      0.42           0.43           Beat
 Mar. 31 2022      0.34           0.33           Missed
 Dec. 31 2021      0.51           0.59           Beat