Ceva Inc Reports Results For The Quarter Ended In December: Earnings Summary

Ceva

14/02/2024 16:43

* CEVA Inc  CEVA.OQ  reported quarterly adjusted earnings of
10
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of six analysts for the quarter was
for earnings of 6 cents per share. Wall Street expected
results to range from 5 cents to 6 cents per share.
    * Revenue fell 27.7% to $24.16 million from a year ago;
analysts
expected $24.31 million. 
    * CEVA Inc's reported EPS for the quarter was 16 cents​.
    * The company reported quarterly net income of $3.77
million.
    * CEVA Inc shares had fallen by 11.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for CEVA Inc is
$25.00 
This summary was machine generated from LSEG data February 14 at
04:42 p.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
 Dec. 31 2023      0.06           0.10           Beat
 Sep. 30 2023      0.04           0.02           Missed
 Jun. 30 2023      0.07           -0.02          Missed
 Mar. 31 2023      0.12           0.00           Missed