Commvault Systems Inc expected to post earnings of 64  cents a share - Earnings Preview

Commvault Systems

28/07/2023 15:27

* Commvault Systems Inc  CVLT.OQ   CVLT.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 1. 
    * The Tinton Falls New Jersey-based  company is expected to
report
 a 0.4% decrease in revenue to $197.193 million from $197.98
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on May
2 2023, for the period ended June 30, was for revenue between
$195.00 million and $199.00 million.
    * ​Refinitiv's mean analyst estimate for Commvault Systems
Inc is
for earnings of 64 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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 $66.5​, below​ its last closing price of $77.35. ​​​

The company's guidance on May 2 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD39
million and USD39.8 million.The company's guidance on May 2 2023
for the period ended June 30 was for gross profit margin of
USD82.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.62        0.62       0.73      Beat    17.7
 Dec. 31 2023  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.        0.64        0.64       0.75      Beat    18.1
 31 2022                                                
 Dec. 31 2021  0.65        0.65       0.67      Beat    3.5​
 Sep. 30 2021  0.57        0.57       0.48      Missed  -15.8
 Jun. 30 2021  0.52        0.52       0.62      Beat    19.8
 This summary was machine generated July 28 at 14:27 GMT.  All
figures in US dollars  unless otherwise stated