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

Commvault Systems

30/04/2024 16:53

* Commvault Systems Inc  CVLT.OQ  reported quarterly
adjusted
earnings of 79 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 73 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 74
cents per share.
    * Revenue rose 9.7% to $223.29 million from a year ago;
analysts
expected $212.51 million. 
    * Commvault Systems Inc's reported EPS for the quarter was
$2.81​.
    * The company reported quarterly net income of $126.12
million.
    * Commvault Systems Inc shares had fallen by 2.0% this
quarter and
gained 24.5% so far this year.

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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Commvault Systems
Inc is $105.00 
This summary was machine generated from LSEG data April 30 at
03:53 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
 Mar. 31 2024      0.73           0.79           Beat
 Dec. 31 2023      0.73           0.78           Beat
 Sep. 30 2023      0.64           0.70           Beat
 Jun. 30 2023      0.64           0.72           Beat