Immersion Corp reports results for the quarter ended in January - Earnings Summary

Immersion

20/08/2024 17:55

* Immersion Corp  IMMR.OQ  reported quarterly adjusted
earnings of
89 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 28 cents.  The mean expectation of two analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 17 cents to 50 cents per share.
    * Revenue rose 1,323.8% to $99.42 million from a year ago;
analysts expected $7.40 million. 
    * Immersion Corp's reported EPS for the quarter was 89
cents​.
    * The company reported quarterly net income of $28.95
million.
    * Immersion Corp shares had risen by 12.5% this quarter and
gained 50.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 98.2%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Immersion Corp is
$11.00 
This summary was machine generated from LSEG data August 20 at
04:55 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      0.34           0.89           Beat
                                  0.63           
 Dec. 31 2023      0.16           0.52           Beat
 Sep. 30 2023      0.33           0.12           Missed