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

Informatica

02/11/2023 07:58

* Informatica Inc  INFA.N  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 18 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 21 cents to 24 cents per share.
    * Revenue rose 9.8% to $408.56 million from a year ago;
analysts
expected $400.97 million. 
    * Informatica Inc's reported EPS for the quarter was 27
cents​.
    * The company reported quarterly net income of $79.28
million.
    * Informatica Inc shares had fallen by 9.1% this quarter and
gained 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 9 "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 $24.00 
This summary was machine generated from LSEG data November 2 at
07:58 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.23           0.27           Beat
 Jun. 30 2023      0.12           0.17           Beat
 Mar. 31 2023      0.16           0.15           Missed
 Dec. 31 2022      0.21           0.24           Beat