• Cerence Inc CRNC.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.12. The mean expectation of six analysts for the quarter was for a loss of 26 cents per share. Wall Street expected results to range from -30 cents to -17 cents per share.

• Revenue fell 63.2% to $50.90 million from a year ago; analysts expected $50.84 million.

• Cerence Inc's reported EPS for the quarter was a loss of 57 cents​.

• The company reported a quarterly loss of $24.29 million.

• Cerence Inc shares had risen by 66.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 402.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Cerence Inc is $10.00

This summary was machine generated from LSEG data February 7 at 02:00 a.m. UTC. ​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)