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

Onespan

02/05/2024 22:47

* OneSpan Inc  OSPN.OQ  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in March, 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 17 cents per share. Wall Street expected
results to range from 9 cents to 21 cents per share.
    * Revenue rose 12.6% to $64.84 million from a year ago;
analysts
expected $56.40 million. 
    * OneSpan Inc's reported EPS for the quarter was 35 cents​.
    * The company reported quarterly net income of $13.47
million.
    * OneSpan Inc shares had fallen by 6.1% this quarter and
gained 1.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 73.5%
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
$12.00 
This summary was machine generated from LSEG data May 2 at 09:47
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      0.17           0.43           Beat
 Dec. 31 2023      0.03           0.19           Beat
 Sep. 30 2023      -0.04          0.09           Beat
 Jun. 30 2023      -0.05          -0.18          Missed