Open Text Corp expected to post earnings of 47  cents a share - Earnings Preview

Open Text

03/05/2023 02:03

* Open Text Corp  OTEX.TO   is expected to show a rise in
quarterly revenue when it reports  results on May 4. 
    * The Waterloo Ontario-based  company is expected to report 
a
33.7% increase in revenue to $1.18 billion from $882.28 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Open Text Corp is
for
earnings of 47 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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
$43​, below​ its last closing price of C$51.34. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  0.67        0.67       0.70      Beat    5
 ​​Dec.        0.89        0.88       0.89      Beat    0.8
 31 2021                                                
 Sep. 30 2021  0.81        0.80       0.83      Beat    3.5​
 Jun. 30 2021  0.75        0.74       0.80      Beat    8.5
 Mar. 31 2021  0.69        0.69       0.75      Beat    8.2
 This summary was machine generated May 3 at 01:03 GMT.  All
figures in US dollars  unless otherwise stated