CEVA Inc reports results for the quarter ended December 31 - Earnings Summary

• CEVA Inc CEVA.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of five analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 10 cents to 11 cents per share.

• Revenue rose 20.9% to $29.22 million from a year ago; analysts expected $27.56 million.

• CEVA Inc's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $1.74 million.

• CEVA Inc shares had risen by 0.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for CEVA Inc is $35.00

This summary was machine generated from LSEG data February 13 at 02:31 p.m. UTC. ​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)