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

Informatica

14/02/2024 23:22

* Informatica Inc  INFA.N  reported quarterly adjusted
earnings of
32 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 24 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 27 cents to 32 cents per share.
    * Revenue rose 11.6% to $445.18 million from a year ago;
analysts
expected $432.21 million. 
    * Informatica Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $64.26
million.
    * Informatica Inc shares had risen by 3.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 "buy"
and
the breakdown of recommendations is 9 "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 Informatica Inc
is $32.00 
This summary was machine generated from LSEG data February 14 at
11:22 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      0.30           0.32           Beat
 Sep. 30 2023      0.23           0.27           Beat
 Jun. 30 2023      0.12           0.17           Beat
 Mar. 31 2023      0.16           0.15           Missed