Open Text Corp reports results for the quarter ended in June - Earnings Summary

Open Text

03/08/2023 22:37

* Open Text Corp  OTEX.TO  reported quarterly adjusted
earnings of
91 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 88 cents per share.
    * Revenue rose 65.2% to $1.49 billion from a year ago;
analysts
expected $1.49 billion. 
    * Open Text Corp's reported EPS for the quarter was a loss
of 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Open Text Corp shares had fallen by 1.0% this quarter and
gained 35.9% so far this year.
    * The company reported a quarterly loss of $48.73 million.
    * Wall Street's median 12-month price target for Open Text
Corp is
$43.91 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.88           0.91           Beat
 Mar. 31 2023      0.47           0.73           Beat
 Dec. 31 2022      0.78           0.89           Beat
 Sep. 30 2022      0.76           0.77           Beat