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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cerence Inc.    CRNC

CERENCE INC.

(CRNC)
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Cerence: Fiscal 4Q Earnings Snapshot

11/16/2020 | 07:42am EST

BURLINGTON, Mass. (AP) _ Cerence Inc. (CRNC) on Monday reported fiscal fourth-quarter net income of $6.8 million.

The Burlington, Massachusetts-based company said it had profit of 17 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 61 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The automotive artificial intelligence developer posted revenue of $90.9 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $79.1 million.

For the year, the company reported a loss of $20.6 million, or 57 cents per share, swinging to a loss in the period. Revenue was reported as $329.6 million.

For the current quarter ending in January, Cerence said it expects revenue in the range of $85 million to $90 million.

The company expects full-year revenue in the range of $360 million to $380 million.

Cerence shares have nearly tripled since the beginning of the year. The stock has more than quadrupled in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNC at https://www.zacks.com/ap/CRNC

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2021 377 M - -
Net income 2021 26,1 M - -
Net Debt 2021 94,4 M - -
P/E ratio 2021 190x
Yield 2021 -
Capitalization 4 532 M 4 532 M -
EV / Sales 2021 12,3x
EV / Sales 2022 10,5x
Nbr of Employees 1 500
Free-Float 99,4%
Chart CERENCE INC.
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Technical analysis trends CERENCE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 104,20 $
Last Close Price 120,25 $
Spread / Highest target 1,46%
Spread / Average Target -13,3%
Spread / Lowest Target -33,5%
EPS Revisions
Managers and Directors
NameTitle
Sanjay Dhawan Chief Executive Officer & Director
Arun Sarin Chairman
Mark J. Gallenberger Chief Financial Officer & Executive Vice President
Prateek Kathpal Chief Technology Officer
Bridget Collins Chief Information Officer
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