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

Commvault Systems

26/07/2024 15:55

* Commvault Systems Inc  CVLT.OQ   CVLT.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 30
for the period ending January 1 0001
    * The Tinton Falls New Jersey-based  company is expected to
report
a 8.7% increase in revenue to $215.456 million from $198.15
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on April 30
2024, for the period ended June 30, was for revenue between
$213.00 million and $216.00 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 $133.00​, above​ its last closing price of $122.24. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD38.34 million and USD41.04 million.The company's guidance on
April 30 2024 for the period ended June 30 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  
 Mar. 31 2024  0.73        0.73       0.79      Beat    8.2
 Dec. 31 2024  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.        0.62        0.62       0.73      Beat    17.7
 31 2023                                                
 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
 This summary was machine generated July 26 at 14:55 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)