Commvault Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Commvault Systems

29/10/2024 14:16

* Commvault Systems Inc  CVLT.OQ  reported quarterly
adjusted
earnings of 83 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 70 cents.  The mean expectation of six analysts
for the quarter was for earnings of 76 cents per share. Wall
Street expected results to range from 73 cents to 78 cents per
share.
    * Revenue rose 16.1% to $233.28 million from a year ago;
analysts
expected $220.78 million. 
    * Commvault Systems Inc's reported EPS for the quarter was
35
cents​.
    * The company reported quarterly net income of $15.57
million.
    * Commvault Systems Inc shares had fallen by 11.0% this
quarter and gained 71.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 169.50 
This summary was machine generated from LSEG data October 29 at
02:16 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
 Sep. 30 2024      0.76           0.83           Beat
 Jun. 30 2024      0.73           0.85           Beat
 Mar. 31 2024      0.73           0.79           Beat
 Dec. 31 2023      0.73           0.78           Beat