InterDigital Inc expected to post earnings of 24 cents a share - Earnings Preview

InterDigital

29/10/2024 13:43

* InterDigital Inc  IDCC.OQ   IDCC.O  is expected to show a
fall
in quarterly revenue when it reports  results on October 31 for
the period ending September 30 2024
    * The Wilmington Delaware-based  company is expected to
report a
31.5% decrease in revenue to $95.952 million from $140.11
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on August 1
2024, for the period ended September 30, was for revenue between
$94.00 million and $98.00 million.
    * ​LSEG's mean analyst estimate for InterDigital Inc is for
earnings of 24 cents per share. The company's EPS guidance on
August 1 2024, for the period ended September 30, was between
$0.70 and $0.80 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
InterDigital Inc
is $145.00​, below​ its last closing price of $145.51. ​​​

The company's guidance on August 1 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD94 million and USD39
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.22        0.33       3.93      Beat    1,098.
                                                        2
 Mar. 31 0001  2.74        2.75       2.88      Beat    4.7
 Dec. 31 2023  1.21        0.89       1.41      Beat    58.4​
 Sep. 30 2023  0.66        0.66       1.72      Beat    161.4
 ​​Jun.        0.68        0.68       0.79      Beat    16.2
 30 2023                                                
 Jan. 1 0001   0.63        0.62       3.58      Beat    477.4​
 Dec. 31 2022  0.77        0.73       1.08      Beat    47.3
 Sep. 30 2022  0.44        0.44       0.74      Beat    68.2
 This summary was machine generated October 29 at 13:43 GMT.  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)