Commvault Systems Inc reports results for the quarter ended in December - Earnings Summary

Commvault Systems

30/01/2024 14:32

* Commvault Systems Inc  CVLT.OQ  reported quarterly
adjusted
earnings of 78 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 62 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 71 cents to 75
cents per share.
    * Revenue rose 11.1% to $216.81 million from a year ago;
analysts
expected $208.06 million. 
    * Commvault Systems Inc's reported EPS for the quarter was
38
cents​.
    * The company reported quarterly net income of $17.14
million.
    * Commvault Systems Inc shares had risen by 2.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Commvault Systems
Inc is $85.00 
This summary was machine generated from LSEG data January 30 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.73           0.78           Beat
 Sep. 30 2023      0.64           0.70           Beat
 Jun. 30 2023      0.64           0.72           Beat
 Mar. 31 2023      0.62           0.73           Beat