Yahoo Finance Adeia First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Adeia (NASDAQ:ADEA) First Quarter 2024 Results
Key Financial Results
Revenue: US$83.4m (down 29% from 1Q 2023).
Net income: US$899.0k (down 97% from 1Q 2023).
Profit margin: 1.1% (down from 25% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.008 (down from US$0.28 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Adeia Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 12% from a week ago.
Valuation
It's possible that Adeia could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
