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

Commvault Systems

27/10/2023 18:44

* Commvault Systems Inc  CVLT.OQ   CVLT.O  is expected
to show a
rise in quarterly revenue when it reports  results 
    * The Tinton Falls New Jersey-based  company is expected to
report
 a 1.5% increase in revenue to $195.165 million from $192.22
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on
August 1 2023, for the period ended September 30, was for
revenue between $193.00 million and $197.00 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 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 $82.5​, above​ its last closing price of $63.99. ​​​

The company's guidance on August 1 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD38.6 million and USD39.4 million.The company's guidance on
August 1 2023 for the period ended September 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  
 Jun. 30 2023  0.64        0.64       0.72      Beat    12
 Mar. 31 2023  0.62        0.62       0.73      Beat    17.7
 Dec. 31 2022  0.62        0.65       0.62      Missed  -4.4​
 Sep. 30 2022  0.50        0.50       0.57      Beat    14
 ​​Jun.        0.63        0.63       0.64      Beat    1.1
 30 2022                                                
 Mar. 31 2022  0.64        0.64       0.75      Beat    18.1​
 Dec. 31 2021  0.65        0.65       0.67      Beat    3.5
 Sep. 30 2021  0.57        0.57       0.48      Missed  -15.8
 This summary was machine generated October 27 at 17:44 GMT.  All
figures in US dollars  unless otherwise stated