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

Commvault Systems

26/04/2024 14:46

* Commvault Systems Inc  CVLT.OQ   CVLT.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 30
for the period ending March 31 2024
    * The Tinton Falls New Jersey-based  company is expected to
report
a 4.4% increase in revenue to $212.507 million from $203.48
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on January
30 2024, for the period ended March 31, was for revenue between
$210.00 million and $214.00 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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"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 $105.00​, above​ its last closing price of $97.09. ​​​

The company's guidance on January 30 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD42 million and USD44.94 million.The company's guidance on
January 30 2024 for the period ended March 31 was for gross
profit margin between USD81% and USD82%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.73        0.73       0.78      Beat    6.7
 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.        0.62        0.65       0.62      Missed  -4.4
 31 2022                                                
 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
 This summary was machine generated April 26 at 13:46 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)