Adeia(US:ADEA) Zacks Investment Researchยท2024-02-09 00:01Group 1 - Adeia (ADEA) closed at $12.95, marking a +0.86% move from the prior day, outperforming the S&P 500's daily gain of 0.06% [1] - Over the previous month, Adeia's shares gained 8.81%, surpassing the Business Services sector's gain of 7.07% and the S&P 500's gain of 6.45% [1] - The upcoming earnings report is scheduled for February 20, 2024, with an expected EPS of $0.26, indicating a 36.59% decline year-over-year, and a revenue forecast of $89.23 million, reflecting a 13.61% decline [1] Group 2 - Recent changes in analyst estimates for Adeia are crucial, as upward revisions indicate analysts' positivity towards the company's operations [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Adeia at 3 (Hold) [2] - The Zacks Consensus EPS estimate has remained stagnant over the past month [2] Group 3 - Adeia has a Forward P/E ratio of 9.04, which is a discount compared to the industry's average Forward P/E of 23.96 [3] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [3] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 according to Zacks research [3]