SecureWorks Corp expected to post earnings of 1 cent a share - Earnings Preview

Secureworks

03/09/2024 13:53

* SecureWorks Corp  SCWX.OQ   SCWX.O  is expected to show a
fall
in quarterly revenue when it reports  results on September 5 for
the period ending July 31 2024
    * The Atlanta Georgia-based  company is expected to report a
13.1% decrease in revenue to $80.766 million from $92.97 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on June 6 2024, for
the period ended July 31, was for revenue between $80.00 million
and $82.00 million.
    * ​LSEG's mean analyst estimate for SecureWorks Corp is for
earnings of 1 cent per share. The company's EPS guidance on June
6 2024, for the period ended July 31, was between $0.00 and
$0.02 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 2 "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 SecureWorks
Corp
is $7.13​, below​ its last closing price of $8.34. ​​​

The company's guidance on June 6 2024 for the period ended July
31 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD80 million and USD3 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Apr. 30 2024  0.00        -0.01      0.05      Beat    969.6
 Jan. 31 2024  -0.03       -0.04      0.08      Beat    327
 Oct. 31 2023  -0.06       -0.07      0.00      Beat    100​
 Jul. 31 2023  -0.15       -0.15      -0.10     Beat    35.5
 ​​Apr.        -0.15       -0.15      -0.20     Missed  -32.2
 30 2023                                                
 Jan. 31 2023  -0.27       -0.27      -0.17     Beat    36.9​
 Oct. 31 2022  -0.21       -0.21      -0.16     Beat    22.1
 Jul. 31 2022  -0.17       -0.16      -0.13     Beat    20.7
 This summary was machine generated September 3 at 12:53 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)