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

Informatica

31/10/2024 02:57

* Informatica Inc  INFA.N  reported quarterly adjusted
earnings of
28 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 27 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 28 cents to 32 cents per share.
    * Revenue rose 3.4% to $422.48 million from a year ago;
analysts
expected $421.54 million. 
    * Informatica Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $13.99 million.
    * Informatica Inc shares had risen by 5.9% this quarter and
lost 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 10 "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 $34.00 
This summary was machine generated from LSEG data October 31 at
02:57 a.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      0.30           0.28           Missed
 Jun. 30 2024      0.22           0.23           Beat
 Mar. 31 2024      0.21           0.22           Beat
 Dec. 31 2023      0.30           0.32           Beat