InterDigital Inc expected to post earnings of 89 cents a share - Earnings Preview

InterDigital

13/02/2024 14:33

* InterDigital Inc  IDCC.OQ   IDCC.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Wilmington Delaware-based  company is expected to
report a
10.6% decrease in revenue to $104.636 million from $117.06
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on January
16 2024, for the period ended December 31, was for revenue of
$105.000 million. (Sales is on Total Revenue Basis)
    * ​LSEG's mean analyst estimate for InterDigital Inc is for
earnings of 89 cents per share. The company's EPS guidance on
January 16 2024, for the period ended December 31, was about
USD1.2
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "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 $119.00​, above​ its last closing price of $104.13. ​​​

The company's guidance on January 16 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD52 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  
 Sep. 30 2023  0.66        0.66       1.72      Beat    161.4
 Jun. 30 2023  0.68        0.68       0.79      Beat    16.2
 Mar. 31 2023  0.63        0.62       3.58      Beat    477.4​
 Dec. 31 2022  0.77        0.73       1.08      Beat    47.3
 ​​Sep.        0.44        0.44       0.74      Beat    68.2
 30 2022                                                
 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. 31 2021  0.37        0.34       0.70      Beat    105.9
 This summary was machine generated February 13 at 14:33 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)