InterDigital Inc expected to post earnings of 62  cents a share - Earnings Preview

InterDigital

02/05/2023 19:35

* InterDigital Inc  IDCC.OQ   IDCC.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 4. 
    * The Wilmington Delaware-based  company is expected to
report  a
0.7% decrease in revenue to $100.583 million from $101.32
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
February 15 2023, for the period ended March 31, was for revenue
between $94.00 million and $98.00 million.
    * ​Refinitiv's mean analyst estimate for InterDigital Inc is
for
earnings of 62 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 6.0%
in the last three months. ​
    * Wall Street's median 12-month price target for
InterDigital Inc
is $94.5​, above​ its last closing price of $67.60. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.77        0.73       1.08      Beat    47.3
 Sep. 30 2022  0.44        0.44       0.74      Beat    68.2
 Jun. 30 2022  0.58        0.58       1.08      Beat    87.8​
 Mar. 31 2022  0.73        0.73       0.59      Missed  -19.2
 ​​Dec.        0.37        0.34       0.70      Beat    105.9
 31 2021                                                
 Sep. 30 2021  0.76        0.65       0.83      Beat    27.7​
 Jun. 30 2021  -0.27       -0.15      0.39      Beat    351.6
 Mar. 31 2021  -0.14       0.00       0.18      Beat    5,505.
                                                        4
 This summary was machine generated May 2 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated