Ceva Inc Expected To Post Earnings Of 12 Cents A Share: Earnings Preview

Ceva

08/05/2023 16:37

* CEVA Inc  CEVA.OQ   CEVA.O  is expected to show a fall in
quarterly revenue when it reports  results on May 10. 
    * The Rockville Maryland-based  company is expected to
report  a
8.2% decrease in revenue to $31.569 million from $34.39 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CEVA Inc is for
earnings
of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CEVA Inc is
$40​,
above​ its last closing price of $25.62. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for gross profit margin of USD85%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.17        0.17       0.23      Beat    32.6
 Sep. 30 2022  0.20        0.20       0.20      Met     1.7
 Jun. 30 2022  0.17        0.17       0.18      Beat    8.9​
 Mar. 31 2022  0.17        0.17       0.18      Beat    3.8
 ​​Dec.        0.19        0.19       0.22      Beat    15.8
 31 2021                                                
 Sep. 30 2021  0.17        0.17       0.20      Beat    17.3​
 Jun. 30 2021  0.11        0.11       0.22      Beat    92.4
 Mar. 31 2021  0.06        0.06       0.01      Missed  -83.3
 This summary was machine generated May 8 at 15:37 GMT.  All
figures in US dollars  unless otherwise stated