Recap: Cerence Q3 Earnings



Cerence CRNC reported its Q3 earnings results on Tuesday, August 9, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.


Cerence beat estimated earnings by 2.38%, reporting an EPS of $0.43 versus an estimate of $0.42.

Revenue was down $7.76 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 7.95% drop in the share price the next day.

Here's a look at Cerence's past performance:


Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.34 0.51 0.56 0.54
EPS Actual 0.33 0.59 0.66 0.62
Revenue Estimate 84.62M 94.38M 97.92M 96.27M
Revenue Actual 86.28M 94.43M 66.96M 96.80M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).


Cerence management provided guidance for FY 2022, expecting earnings between $1.08 and $1.17 per share.

To track all earnings releases for Cerence visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!