Adeia Inc. (ADEA) has seen a significant upward revision in its earnings estimates, with analysts increasing expectations for the company’s earnings potential. For the current quarter, the earnings estimate is now $0.73 per share, marking a year-over-year increase of 55.3%. Additionally, the full-year earnings forecast has risen to $1.53 per share, a 21.4% increase compared to the previous year.
The Zacks Consensus Estimate for Adeia has climbed 6.82% in the last 30 days, reflecting strong agreement among analysts with no negative revisions reported. As a result, Adeia holds a Zacks Rank of #2 (Buy), underscoring its improved earnings outlook. The stock has performed well recently, rising 44.6% over the past four weeks.
