Adeia's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Adeia (NASDAQ:ADEA) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.25. The company's past performance shows a pattern of beating EPS estimates, leading to varying stock price reactions. Shares are currently trading at $12.37, reflecting a 19.06% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's future guidance.
February 19, 2024 | 7:01 pm
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Adeia is expected to announce its quarterly earnings with an anticipated EPS of $0.25. Historical performance shows a positive trend in beating EPS estimates, which has led to varied stock price movements. Currently, the stock has seen a 19.06% increase over the past year.
Given Adeia's history of surpassing EPS estimates and the positive stock price reaction following these beats, there is a strong likelihood of a positive short-term impact on ADEA's stock price, especially if the company beats the EPS estimate again and provides optimistic future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100