Open Text Corp expected to post earnings of $1.02 a share - Earnings Preview

Open Text

30/07/2024 21:04

* Open Text Corp  OTEX.TO   is expected to show a fall in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Waterloo Ontario-based  company is expected to report
a
5.5% decrease in revenue to $1.409 billion from $1.49 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Open Text Corp is for
earnings
of $1.02 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Open Text
Corp is
C$67.09​, above​ its last closing price of C$43.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.94        0.94       0.94      Met     0.5
 Dec. 31 2024  1.19        1.20       1.24      Beat    3.7
 Sep. 30 2023  0.91        0.91       1.01      Beat    11.3​
 Jun. 30 2023  0.87        0.88       0.91      Beat    3.6
 ​​Mar.        0.47        0.47       0.73      Beat    53.9
 31 2023                                                
 Dec. 31 2022  0.78        0.78       0.89      Beat    13.6​
 Sep. 30 2022  0.76        0.76       0.77      Beat    0.9
 Jun. 30 2022  0.78        0.78       0.80      Beat    3
 This summary was machine generated July 30 at 20:04 GMT.  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)