SecureWorks Corp reports results for the quarter ended in April - Earnings Summary

Secureworks

06/06/2024 14:52

* SecureWorks Corp  SCWX.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in April, higher
than the same quarter last year, when the company reported EPS
of -20 cents.  The mean expectation of four analysts for the
quarter was for a loss of one cent per share. Wall Street
expected results to range from -2 cents tozero cents per share.
    * Revenue fell 9.3% to $85.65 million from a year ago;
analysts
expected $84.20 million. 
    * SecureWorks Corp's reported EPS for the quarter was a loss
of 41
cents​.
    * The company reported a quarterly loss of $36.08 million.
    * SecureWorks Corp shares had fallen by 12.9% this
quarter and
lost 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 61% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is  "sell."

Wall Street's median 12-month price target for SecureWorks Corp
is $6.00 
This summary was machine generated from LSEG data June 6 at
01:52 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.01          0.05           Beat
 Jan. 31 2024      -0.04          0.08           Beat
 Oct. 31 2023      -0.07          0.00           Beat
 Jul. 31 2023      -0.15          -0.10          Beat