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

Ceva

07/08/2024 14:52

* CEVA Inc  CEVA.OQ  reported quarterly adjusted earnings of
17
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of six analysts for the quarter was
for earnings of 2 cents per share. Wall Street expected
results to range from -1 cents to 4 cents per share.
    * Revenue rose 8.7% to $28.44 million from a year ago;
analysts
expected $24.48 million. 
    * CEVA Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $291 thousand.
    * CEVA Inc shares had fallen by 16.4% this quarter and
lost 29.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 41.7%
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
$28.00 
This summary was machine generated from LSEG data August 7 at
01:52 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
 Jun. 30 2024      0.02           0.17           Beat
 Mar. 31 2024      0.03           -0.05          Missed
 Dec. 31 2023      0.06           0.10           Beat
 Sep. 30 2023      0.04           0.02           Missed