Cognyte Software Ltd expected to post a loss of 18 cents a share - Earnings Preview

COGNYTE SOFTWARE

07/04/2023 13:45

* Cognyte Software Ltd  CGNT.OQ   CGNT.O  is expected
to show a
fall in quarterly revenue when it reports  results on April 11. 
    * The Herzliya Israel-based   company is expected to report 
a
46.7% decrease in revenue to $66.804 million from $125.31
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
December 20 2022, for the period ended January 31, was for
revenue between $63.00 million and $72.00 million.
    * ​Refinitiv's mean analyst estimate for Cognyte Software
Ltd is
for a loss of 18 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cognyte
Software
Ltd is $5​, above​ its last closing price of $3.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Oct. 31 2022  -0.23       -0.20      -0.25     Missed  -22.5
 Jul. 31 2022  -0.17       -0.17      -0.04     Beat    76.4
 Apr. 30 2022  0.10        0.10       -0.79     Missed  -860.9
                                                        ​
 Jan. 31 2022  0.22        0.22       0.16      Missed  -26.2
 ​​Oct.        0.10        0.10       0.21      Beat    116.5
 31 2021                                                
 Jul. 31 2021  0.16        0.16       0.17      Beat    9.6​
 Apr. 30 2021  0.17        0.15       0.20      Beat    33.3
 Jan. 31 2021  0.23        0.23       0.36      Beat    58.2
 This summary was machine generated April 7 at 12:45 GMT.  All
figures in US dollars  unless otherwise stated