U.S. markets closed
  • S&P 500

    4,283.74
    +9.70 (+0.23%)
     
  • Dow 30

    33,999.04
    +18.72 (+0.06%)
     
  • Nasdaq

    12,965.34
    +27.22 (+0.21%)
     
  • Russell 2000

    2,000.73
    +13.41 (+0.68%)
     
  • Crude Oil

    90.48
    -0.02 (-0.02%)
     
  • Gold

    1,772.30
    +1.10 (+0.06%)
     
  • Silver

    19.45
    -0.01 (-0.05%)
     
  • EUR/USD

    1.0092
    -0.0088 (-0.87%)
     
  • 10-Yr Bond

    2.8800
    -0.0130 (-0.45%)
     
  • GBP/USD

    1.1932
    -0.0119 (-0.99%)
     
  • USD/JPY

    135.8700
    +0.7800 (+0.58%)
     
  • BTC-USD

    23,369.02
    +38.68 (+0.17%)
     
  • CMC Crypto 200

    558.74
    +1.01 (+0.18%)
     
  • FTSE 100

    7,541.85
    +26.10 (+0.35%)
     
  • Nikkei 225

    28,942.14
    -280.63 (-0.96%)
     

A Preview Of CEVA's Earnings

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

CEVA (NASDAQ:CEVA) unveils its next round of earnings this Tuesday, February 16. Here is Benzinga's everything-that-matters guide for the earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

CEVA EPS will likely be near $0.11 while revenue will be around $23.24 million, according to analysts. In the same quarter last year, CEVA reported EPS of $0.3 on revenue of $28.31 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on CEVA

The analyst consensus estimate would represent a 63.33% decrease in the company's earnings. Revenue would have fallen 17.91% from the same quarter last year. Here is how the CEVA's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

0.11

0.04

0.05

0.22

EPS Actual

0.16

0.12

0.11

0.30

Revenue Estimate

22.56 M

20.78 M

21.53 M

24.56 M

Revenue Actual

24.96 M

23.61 M

23.61 M

28.31 M

Stock Performance

Over the last 52-week period, shares are up 100.37%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. CEVA is scheduled to hold the call at 08:30:00 ET and can be accessed here.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.