Cognyte Software Ltd reports results for the quarter ended October 31 - Earnings Summary

COGNYTE SOFTWARE

11/12/2024 14:31

* Cognyte Software Ltd  CGNT.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended October
31, lower than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of
three analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -4 cents to -3
cents per share.
    * Revenue rose 12.1% to $89.00 million from a year ago;
analysts
expected $87.72 million. 
    * Cognyte Software Ltd's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $3.77 million.
    * Cognyte Software Ltd shares had risen by 27.0% this
quarter and
gained 34.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.9%
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 no "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 $8.25 
This summary was machine generated from LSEG data December 11 at
02:31 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
 Oct. 31 2024      -0.03          0.02           Beat
 Jul. 31 2024      -0.02          0.05           Beat
 Apr. 30 2024      -0.06          -0.04          Beat
 Jan. 31 2024      -0.27          -0.23          Beat