* Cerence Inc reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of eight analysts for the quarter was for a loss of 36 cents per share. Wall Street expected results to range from -43 cents to -32 cents per share.

* Revenue fell 32.2% to $54.81 million from a year ago; analysts expected $47.65 million.

* Cerence Inc's reported EPS for the quarter was a loss of 49 cents​.

* The company reported a quarterly loss of $20.42 million.

* Cerence Inc shares had fallen by 10.5% this quarter and lost 85.7% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 2.2% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Cerence Inc is $4.25 This summary was machine generated from LSEG data November 21 at 01:00 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.36 -0.07 Beat

Jun. 30 2024 0.05 0.19 Beat

Mar. 31 2024 -0.22 -0.09 Beat

Dec. 31 2023 0.90 1.12 Beat