Acacia Research Corp <ACTG.OQ> expected to post a loss of 8 cents a share - Earnings Preview
Acacia Research Corp ACTG.OQ ACTG.O is expected to show a fall in quarterly revenue when it reports results on March 13 for the period ending December 31 2024
The New York City-based company is expected to report a 48.3% decrease in revenue to $47.75 million from $92.31 million a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Acacia Research Corp is for a loss of 8 cents per share.
The one available analyst rating on the shares is "buy".
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Acacia Research Corp is $7.00, above its last closing price of $4.19.
This summary was machine generated March 11 at 12:50 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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