Informatica Inc expected to post earnings of 21 cents a share - Earnings Preview

Informatica

29/04/2024 21:46

* Informatica Inc  INFA.N   INFA.K  is expected to show a
rise in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Redwood City California-based  company is expected to
report
a 6.0% increase in revenue to $387.361 million from $365.43
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.The company's guidance on February
14 2024, for the period ended March 31, was for revenue between
$375.00 million and $395.00 million.
    * ​LSEG's mean analyst estimate for Informatica Inc is for
earnings of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Informatica
Inc
is $39.56​, above​ its last closing price of $31.90. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD97 million and USD117 million.
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  0.30        0.30       0.32      Beat    7.2
 Sep. 30 2023  0.23        0.23       0.27      Beat    18.4
 Jun. 30 2023  0.12        0.12       0.17      Beat    43.5​
 Mar. 31 2023  0.16        0.16       0.15      Missed  -3.9
 ​​Dec.        0.22        0.21       0.24      Beat    11.8
 31 2022                                                
 Sep. 30 2022  0.18        0.17       0.18      Beat    3.3​
 Jun. 30 2022  0.08        0.08       0.16      Beat    94.4
 Mar. 31 2022  0.14        0.14       0.20      Beat    44.6
 This summary was machine generated April 29 at 20:46 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)