CEVA Inc reports results for the quarter ended June 30 - Earnings Summary

• CEVA Inc CEVA.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of five analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 1 cents to 7 cents per share.

• Revenue fell 9.7% to $25.68 million from a year ago; analysts expected $25.40 million.

• CEVA Inc's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $3.7 million.

• CEVA Inc shares had fallen by 1.2% this quarter and lost 31.2% so far this year.

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 $31.50, about 31% above its last closing price of $21.72

This summary was machine generated from LSEG data August 11 at 01:31 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)