Open Text Corp expected to post earnings of 88  cents a share - Earnings Preview

Open Text

02/08/2023 02:03

* Open Text Corp  OTEX.TO   is expected to show a rise in
quarterly revenue when it reports  results on August 3. 
    * The Waterloo Ontario-based  company is expected to report 
a
64.6% increase in revenue to $1.485 billion from $902.45 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 88 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
$43.91​, below​ its last closing price of C$56.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.47        0.47       0.73      Beat    53.9
 Dec. 31 2023  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.        0.67        0.67       0.70      Beat    5
 31 2022                                                
 Dec. 31 2021  0.89        0.88       0.89      Beat    0.8​
 Sep. 30 2021  0.81        0.80       0.83      Beat    3.5
 Jun. 30 2021  0.75        0.74       0.80      Beat    8.5
 This summary was machine generated August 2 at 01:03 GMT.  All
figures in US dollars  unless otherwise stated