Commvault Systems Inc expected to post earnings of 73 cents a share - Earnings Preview

Commvault Systems

26/01/2024 13:44

* Commvault Systems Inc  CVLT.OQ   CVLT.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 30
for the period ending December 31 2023
    * The Tinton Falls New Jersey-based  company is expected to
report
a 6.7% increase in revenue to $208.056 million from $195.07
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on October
31 2023, for the period ended December 31, was for revenue
between $206.00 million and $210.00 million.
    * ​LSEG's mean analyst estimate for Commvault Systems Inc is
for
earnings of 73 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 $85.00​, above​ its last closing price of $79.97. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD43.26 million and USD44.1 million.The company's guidance on
October 31 2023 for the period ended December 31 was for gross
profit margin of USD82.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.64        0.64       0.70      Beat    8.9
 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.        0.50        0.50       0.57      Beat    14
 30 2022                                                
 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. 31 2021  0.65        0.65       0.67      Beat    3.5
 This summary was machine generated January 26 at 13:44 GMT.  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)