Following Wednesday’s Closing Bell on the NYSE in lower Manhattan, DTS AutoStage, HD Radio and TiVo parent Xperi Corp., fresh off another strong NAB Show in Las Vegas, releases its Q1 2024 earnings report.
What can investors anticipate from the broadcast technology company earning accolades for its connected car offerings?
The Zacks Consensus Estimate is for revenue to come in at $125.2 million, implying a 1.3% year-over-year decrease. That happens to be the high estimate of four analysts polled by Yahoo! Finance, putting the forecast as determined by RBR+TVBR to come in at $122.11 million.
Two analysts were polled by Yahoo! Finance on Xperi’s EPS, and they disagree. One says it will come in at -$0.09, while the other believes it will be worse, at -$0.20.
For Zacks, the decline in revenue is likely the result of less income across Xperi’s Pay-TV and media platform segments.
As Zacks writes in a new investor report, “The Pay-TV segment’s revenues are likely to have decreased due to a decline in its core solutions at an expected rate consistent with the broader market.”
As such, revenues generated across the media platform are likely to be down due to the dip in dollars linked to 2023’s minimum guarantee contract from smart TV middleware solutions. There’s also monetization from writers and actors strikes that shifted premieres into 2024 at play, Zacks opines.
Could Xperi beat the Street in Q1? Zacks says it is unlikely, using its gauges.
