Ceva Inc Expected To Post Earnings Of 2 Cents A Share: Earnings Preview
05/08/2024 16:13
* CEVA Inc CEVA.OQ CEVA.O is expected to show a fall in
quarterly revenue when it reports results on August 7 for the
period ending June 30 2024
* The Rockville Maryland-based company is expected to
report a
6.5% decrease in revenue to $24.483 million from $26.17 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
* LSEG's mean analyst estimate for CEVA Inc is for earnings
of 2
cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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
$28.00, above its last closing price of $17.39.
The company's guidance on May 9 2024 for the period ended June
30 was for gross profit margin of USD90%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 0.03 0.03 -0.05 Missed -292.3
Dec. 31 2024 0.06 0.06 0.10 Beat 73
Sep. 30 2023 0.03 0.04 0.02 Missed -44.4
Jun. 30 2023 0.07 0.07 -0.02 Missed -127
Mar. 0.12 0.12 0.00 Missed -100
31 2023
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
This summary was machine generated August 5 at 15:13 GMT. 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)