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

Informatica

01/05/2024 23:13

* Informatica Inc  INFA.N  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of fifteen analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 18 cents to 37 cents per share.
    * Revenue rose 6.3% to $388.61 million from a year ago;
analysts
expected $387.36 million. 
    * Informatica Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $9.33
million.
    * Informatica Inc shares had fallen by 11.5% this
quarter and
gained 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Informatica Inc
is $39.56 
This summary was machine generated from LSEG data May 1 at 10:13
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      0.21           0.22           Beat
 Dec. 31 2023      0.30           0.32           Beat
 Sep. 30 2023      0.23           0.27           Beat
 Jun. 30 2023      0.12           0.17           Beat