Ceva Inc Expected To Post Earnings Of 7 Cents A Share: Earnings Preview

Ceva

07/08/2023 17:50

* CEVA Inc  CEVA.OQ   CEVA.O  is expected to show a fall in
quarterly revenue when it reports  results on August 9. 
    * The Rockville Maryland-based  company is expected to
report  a
7.7% decrease in revenue to $30.625 million from $33.2 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 7 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
$32​,
above​ its last closing price of $25.48. ​​​

The company's guidance on May 10 2023 for the period ended June
30 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  
 Mar. 31 2023  0.12        0.12       0.00      Missed  -100
 Dec. 31 2023  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.        0.17        0.17       0.18      Beat    3.8
 31 2022                                                
 Dec. 31 2021  0.19        0.19       0.22      Beat    15.8​
 Sep. 30 2021  0.17        0.17       0.20      Beat    17.3
 Jun. 30 2021  0.11        0.11       0.22      Beat    92.4
 This summary was machine generated August 7 at 16:50 GMT.  All
figures in US dollars  unless otherwise stated