Adeia (NASDAQ:ADEA) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$86.1m (down 15% from 3Q 2023).
- Net income: US$19.3m (down 20% from 3Q 2023).
- Profit margin: 22% (down from 24% in 3Q 2023).
- EPS: US$0.18 (down from US$0.23 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Adeia Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 26%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 17% from a week ago.
Valuation
Our analysis of Adeia based on 6 different valuation metrics shows it might be undervalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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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.
About NasdaqGS:ADEA
Adeia
Operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally.
Very undervalued with reasonable growth potential.
