Adeia Inc (NASDAQ: ADEA) has reported E.P.S. of $0.08 for its second fiscal quarter (ending June 30) versus $0.01 for the same period a year ago — an increase of 700%. However, this result fell short of the consensus estimate of $0.23 by $-0.15. For the latest four quarters through June 30, E.P.S. were $0.44 versus $0.93 for the same period a year ago — a decline of -53%.
Recent Price Action
On 8/6/24, Adeia Inc (NASDAQ: ADEA) stock declined modestly by -1.3%, closing at $9.80. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -15.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ADEA is expected to continue to be a major Value Builder.
Adeia has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Adeia has a neutral Appreciation Score of 50 and a neutral Power Rating of 56, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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