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).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 0.05 | 0.05 | 0.19 | Beat | 315.7 |
Mar. 31 2024 | -0.22 | -0.22 | -0.09 | Beat | 59.1 |
Dec. 31 2023 | 0.90 | 0.90 | 1.12 | Beat | 24.5 |
Sep. 30 2023 | 0.15 | 0.15 | 0.09 | Missed | -38.6 |
Jun. 30 2023 | -0.14 | -0.14 | -0.04 | Beat | 71.3 |
Mar. 31 2023 | -0.13 | -0.13 | -0.04 | Beat | 68.1 |
Dec. 31 2022 | 0.09 | 0.09 | 0.36 | Beat | 294.7 |
Sep. 30 2022 | -0.23 | -0.23 | -0.14 | Beat | 38.8 |
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)
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