Cognyte Software Ltd reports results for the quarter ended in April - Earnings Summary

COGNYTE SOFTWARE

18/06/2024 14:50

* Cognyte Software Ltd  CGNT.OQ  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of -23 cents.  The mean expectation of two analysts
for the quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -7 cents to -6 cents per share.
    * Revenue rose 12.7% to $82.71 million from a year ago;
analysts
expected $82.05 million. 
    * Cognyte Software Ltd's reported EPS for the quarter was a
loss
of 7 cents​.
    * The company reported a quarterly loss of $5.12 million.
    * Cognyte Software Ltd shares had fallen by 3.1% this
quarter and
gained 24.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Cognyte Software
Ltd is $8.00 
This summary was machine generated from LSEG data June 18 at
01:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.06          -0.04          Beat
 Jan. 31 2024      -0.27          -0.23          Beat
 Oct. 31 2023      0.01           0.34           Beat
 Jul. 31 2023      -0.22          -0.09          Beat