Ceva Inc Reports Results For The Quarter Ended In September 30: Earnings Summary
07/11/2024 14:50
* CEVA Inc CEVA.OQ reported quarterly adjusted earnings of
14
cents per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 2 cents. The mean expectation of five analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 7 cents to 11 cents per share.
* Revenue rose 13% to $27.21 million from a year ago;
analysts
expected $26.85 million.
* CEVA Inc's reported EPS for the quarter was a loss of 6
cents.
* The company reported a quarterly loss of $1.31 million.
* CEVA Inc shares had risen by 4.3% this quarter and
gained 10.9%
so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 0.5%
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," 1
"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
$28.50
This summary was machine generated from LSEG data November 7 at
02:50 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
Sep. 30 2024 0.10 0.14 Beat
Jun. 30 2024 0.02 0.17 Beat
Mar. 31 2024 0.03 -0.05 Missed
Dec. 31 2023 0.06 0.10 Beat