Adeia (ADEA) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Overview - Adeia (ADEA) closed at $11.29, a decrease of 0.7% from the previous trading session, underperforming the S&P 500's gain of 0.08% [1] - The company has seen a 3.55% increase in share price over the past month, while the Business Services sector gained 2.13% and the S&P 500 gained 3.52% during the same period [1] Earnings Expectations - The upcoming earnings release is anticipated to show an EPS of $0.26, representing a 36.59% decline compared to the same quarter last year [1] - Revenue is projected to be $89.23 million, reflecting a 13.61% decrease from the equivalent quarter last year [1] Analyst Estimates - Recent changes to analyst estimates for Adeia indicate a shifting business landscape, with positive revisions suggesting optimism about the company's profitability [2] - The Zacks Rank system currently rates Adeia as 3 (Hold), with no changes in the consensus EPS estimate over the past month [2] Valuation Metrics - Adeia's Forward P/E ratio is 8.01, which is significantly lower than the industry's average Forward P/E of 23.63, indicating a valuation discount [3] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 55, placing it in the top 22% of over 250 industries [3]