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

Onespan

06/03/2024 22:57

* OneSpan Inc  OSPN.OQ  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of four analysts for the quarter
was for earnings of 3 cents per share. Wall Street expected
results to range from 1 cents to 6 cents per share.
    * Revenue rose 11.1% to $62.93 million from a year ago;
analysts
expected $58.26 million. 
    * OneSpan Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $441
thousand.
    * OneSpan Inc shares had fallen by 11.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 44.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 OneSpan Inc is
$12.00 
This summary was machine generated from LSEG data March 6 at
10:57 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      0.03           0.19           Beat
 Sep. 30 2023      -0.04          0.09           Beat
 Jun. 30 2023      -0.05          -0.18          Missed
 Mar. 31 2023      -0.05          -0.09          Missed