Commvault Systems Inc expected to post earnings of 62  cents a share - Earnings Preview

Commvault Systems

28/04/2023 18:31

* Commvault Systems Inc  CVLT.OQ   CVLT.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 2. 
    * The Tinton Falls New Jersey-based  company is expected to
report
 a 4.3% decrease in revenue to $197 million from $205.95 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on January 31
2023, for the period ended March 31, was for revenue of $197.000
million.
    * ​Refinitiv's mean analyst estimate for Commvault Systems
Inc is
for earnings of 62 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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 Commvault
Systems
Inc is $68​, above​ its last closing price of $58.20. ​​​

The company's guidance on January 31 2023 for the period ended
March 31 was for Earnings before Interest and Taxes of USD37.43
million.The company's guidance on January 31 2023 for the period
ended March 31 was for gross profit margin of USD82%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.62        0.65       0.62      Missed  -4.4
 Sep. 30 2022  0.50        0.50       0.57      Beat    14
 Jun. 30 2022  0.63        0.63       0.64      Beat    1.1​
 Mar. 31 2022  0.64        0.64       0.75      Beat    18.1
 ​​Dec.        0.65        0.65       0.67      Beat    3.5
 31 2021                                                
 Sep. 30 2021  0.57        0.57       0.48      Missed  -15.8​
 Jun. 30 2021  0.52        0.52       0.62      Beat    19.8
 Mar. 31 2021  0.48        0.48       0.59      Beat    24.1
 This summary was machine generated April 28 at 17:31 GMT.  All
figures in US dollars  unless otherwise stated