Open Text Corp expected to post earnings of 94 cents a share - Earnings Preview

Open Text

30/04/2024 21:03

* Open Text Corp  OTEX.TO   is expected to show a rise in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Waterloo Ontario-based  company is expected to report
a
15.0% increase in revenue to $1.431 billion from $1.24 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 94 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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$64.59​, above​ its last closing price of C$48.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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​
 Jan. 1 0001   0.47        0.47       0.73      Beat    53.9
 ​​Dec.        0.78        0.78       0.89      Beat    13.6
 31 2022                                                
 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
 This summary was machine generated April 30 at 20:02 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)