Informatica Inc expected to post earnings of 22 cents a share - Earnings Preview

Informatica

26/07/2024 23:52

* Informatica Inc  INFA.N   INFA.K  is expected to show a
rise in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Redwood City California-based  company is expected to
report
a 7.2% increase in revenue to $403.048 million from $375.99
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$394.00 million and $410.00 million.
    * ​LSEG's mean analyst estimate for Informatica Inc is for
earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"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 Informatica
Inc
is $38.00​, above​ its last closing price of $24.27. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD107
million and USD119 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  0.21        0.21       0.22      Beat    3.5
 Dec. 31 2023  0.30        0.12       0.32      Beat    7.2
 Sep. 30 2023  0.23        0.23       0.27      Beat    18.4​
 Jan. 1 0001   0.12        0.12       0.17      Beat    43.5
 ​​Mar.        0.16        0.16       0.15      Missed  -3.9
 31 2023                                                
 Dec. 31 2022  0.22        0.21       0.24      Beat    11.8​
 Sep. 30 2022  0.18        0.17       0.18      Beat    3.3
 Jun. 30 2022  0.08        0.08       0.16      Beat    94.4
 This summary was machine generated July 26 at 22:51 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)