Cognyte Software Ltd expected to post a loss of 22 cents a share - Earnings Preview

COGNYTE SOFTWARE

13/06/2023 13:49

* Cognyte Software Ltd  CGNT.OQ   CGNT.O  is expected
to show a
fall in quarterly revenue when it reports  results on June 15. 
    * The Herzliya Israel-based   company is expected to report 
a
17.6% decrease in revenue to $71.461 million from $86.69 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cognyte Software
Ltd is
for a loss of 22 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 had fallen by
about 26.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Cognyte
Software
Ltd is $5​, below​ its last closing price of $5.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jan. 31 2023  -0.18       -0.18      -0.16     Beat    12.7
 Oct. 31 2023  -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.        0.22        0.22       0.16      Missed  -26.2
 31 2022                                                
 Oct. 31 2021  0.10        0.10       0.21      Beat    116.5​
 Jul. 31 2021  0.16        0.16       0.17      Beat    9.6
 Apr. 30 2021  0.17        0.15       0.20      Beat    33.3
 This summary was machine generated June 13 at 12:49 GMT.  All
figures in US dollars  unless otherwise stated