Cerence Inc reports results for the quarter ended June 30 - Earnings Summary

Cerence

07/08/2025 02:49

Cerence Inc CRNC.OQ reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 19 cents.  The mean expectation of six analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -34 cents to 1 cents per share.

Revenue fell 11.8% to $62.24 million from a year ago; analysts expected $54.83 million.

Cerence Inc's reported EPS for the quarter was a loss of 6 cents​.

The company reported a quarterly loss of $2.72 million.

Cerence Inc shares had fallen by 16.3% this quarter and gained 8.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 76.3% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is  "buy."

Wall Street's median 12-month price target for Cerence Inc is $10.00, about 14.2% above its last closing price of $8.58

This summary was machine generated from LSEG data August 7 at 01:49 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
-0.14
0.12
Beat
Mar. 31 2025
0.30
0.57
Beat
Dec. 31 2024
-0.26
-0.03
Beat
Sep. 30 2024
-0.36
-0.07
Beat