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

Secureworks

07/12/2023 16:00

* SecureWorks Corp  SCWX.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of -16 cents.  The mean expectation of four analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -8 cents to -6 cents per share.
    * Revenue fell 19.4% to $89.36 million from a year ago;
analysts
expected $88.98 million. 
    * SecureWorks Corp's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $14.42 million.
    * SecureWorks Corp shares had fallen by 5.6% this
quarter and
lost 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
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 $7.00 
This summary was machine generated from LSEG data December 7 at
03:59 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
 Oct. 31 2023      -0.07          0.00           Beat
 Jul. 31 2023      -0.15          -0.10          Beat
 Apr. 30 2023      -0.15          -0.20          Missed
 Jan. 31 2023      -0.27          -0.17          Beat