Ceva Inc Reports Results For The Quarter Ended In March: Earnings Summary
09/05/2024 14:31
* CEVA Inc CEVA.OQ reported a quarterly adjusted loss of 5
cents per share for the quarter ended in March, lower than the
same quarter last year, when the company reported breakeven
earnings per share. The mean expectation of six analysts for
the quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 1 cents to 3 cents per share.
* Revenue fell 23.2% to $22.07 million from a year ago;
analysts
expected $23.13 million.
* CEVA Inc's reported EPS for the quarter was a loss of 23
cents.
* The company reported a quarterly loss of $5.45 million.
* CEVA Inc shares had fallen by 6.8% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 49.2%
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."
* Wall Street's median 12-month price target for CEVA Inc is
$28.00
This summary was machine generated from LSEG data May 9 at 01:30
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
Mar. 31 2024 0.03 -0.05 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