• Cerence Inc CRNC.OQ CRNC.O is expected to show a fall in quarterly revenue when it reports results on November 21 for the period ending September 30 2024

• The Burlington Massachusetts-based company is expected to report a 41.0% decrease in revenue to $47.65 million from $80.8 million a year ago, according to the mean estimate from 8 analysts, based on LSEG data.The company's guidance on August 8 2024, for the period ended September 30, was for revenue between 44.00 million and 50.00 million.

• ​LSEG's mean analyst estimate for Cerence Inc is for a loss of 36 cents per share. The company's EPS guidance on August 8 2024, for the period ended September 30, was between -18.60 and -12.60

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "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 Cerence Inc is $4.25​, above​ its last closing price of $2.93. ​​​

The company's guidance on August 8 2024 for the period ended September 30 was for Earnings before Interest and Taxes between -20.9 million and -14.9 million.The company's guidance on August 8 2024 for the period ended September 30 was for gross profit margin between 56% and 61%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated November 19 at 12:02 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)