InterDigital Inc expected to post earnings of 68  cents a share - Earnings Preview

InterDigital

01/08/2023 19:36

* InterDigital Inc  IDCC.OQ   IDCC.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 3. 
    * The Wilmington Delaware-based  company is expected to
report  a
17.9% decrease in revenue to $102.39 million from $124.66
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue between
$100.00 million and $104.00 million.
    * ​Refinitiv's mean analyst estimate for InterDigital Inc is
for
earnings of 68 cents per share. The company's EPS guidance on
May 4 2023, for the period ended June 30, was between $0.60 and
$0.70 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "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 $109​, above​ its last closing price of $92.69. ​​​

The company's guidance on May 4 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD100 million and USD52.9 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.63        0.62       3.58      Beat    477.4
 Dec. 31 2023  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.        0.73        0.73       0.59      Missed  -19.2
 31 2022                                                
 Dec. 31 2021  0.37        0.34       0.70      Beat    105.9​
 Sep. 30 2021  0.76        0.65       0.83      Beat    27.7
 Jun. 30 2021  -0.27       -0.15      0.39      Beat    351.6
 This summary was machine generated August 1 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated