OneSpan Inc reports results for the quarter ended in January 1 - Earnings Summary

Onespan

31/10/2024 02:38

* OneSpan Inc  OSPN.OQ  reported quarterly adjusted earnings
of 33
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 9
cents.  The mean expectation of four analysts for the quarter
was for earnings of 19 cents per share. Wall Street expected
results to range from 15 cents to 22 cents per share.
    * Revenue fell 4.4% to $56.24 million from a year ago;
analysts
expected $54.73 million. 
    * OneSpan Inc's reported EPS for the quarter was 21 cents​.
    * The company reported quarterly net income of $8.27
million.
    * OneSpan Inc shares had fallen by 10.6% this quarter and
gained 39.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for OneSpan Inc is
14.50 
This summary was machine generated from LSEG data October 31 at
02:38 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      0.19           0.33           Beat
 Jun. 30 2024      0.16           0.31           Beat
 Mar. 31 2024      0.17           0.43           Beat
 Dec. 31 2023      0.03           0.19           Beat