We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cerence (CRNC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Wall Street analysts forecast that Cerence (CRNC - Free Report) will report quarterly earnings of $0.13 per share in its upcoming release, pointing to a year-over-year increase of 192.9%. It is anticipated that revenues will amount to $74 million, exhibiting an increase of 27.3% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Cerence metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues- Connected services' stands at $20.18 million. The estimate indicates a year-over-year change of +11.5%.
The average prediction of analysts places 'Revenues- License' at $32.15 million. The estimate points to a change of +69.2% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Professional services' will reach $21.61 million. The estimate indicates a year-over-year change of +2.7%.
Shares of Cerence have experienced a change of +10.4% in the past month compared to the +7.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CRNC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cerence (CRNC) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts forecast that Cerence (CRNC - Free Report) will report quarterly earnings of $0.13 per share in its upcoming release, pointing to a year-over-year increase of 192.9%. It is anticipated that revenues will amount to $74 million, exhibiting an increase of 27.3% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Cerence metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues- Connected services' stands at $20.18 million. The estimate indicates a year-over-year change of +11.5%.
The average prediction of analysts places 'Revenues- License' at $32.15 million. The estimate points to a change of +69.2% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Professional services' will reach $21.61 million. The estimate indicates a year-over-year change of +2.7%.
View all Key Company Metrics for Cerence here>>>
Shares of Cerence have experienced a change of +10.4% in the past month compared to the +7.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CRNC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>