SolarWinds Corp expected to post earnings of 22 cents a share - Earnings Preview

SolarWinds

30/04/2024 16:54

* SolarWinds Corp  SWI.N   SWI  is expected to show a rise
in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Austin Texas-based  company is expected to report a
2.6% increase in revenue to $190.84 million from $185.98 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on February 8 2024,
for the period ended March 31, was for revenue between $187.00
million and $192.00 million.
    * ​LSEG's mean analyst estimate for SolarWinds Corp is for
earnings of 22 cents per share. The company's EPS guidance on
February 8 2024, for the period ended March 31, was between
$0.20 and $0.22 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "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 SolarWinds
Corp
is $13.75​, above​ its last closing price of $11.23. ​​​

The company's guidance on February 8 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD187 million and USD84.5 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  
 Dec. 31 2023  0.21        0.21       0.24      Beat    14.3
 Sep. 30 2023  0.18        0.18       0.23      Beat    26.4
 Jun. 30 2023  0.17        0.17       0.21      Beat    26.1​
 Jan. 1 0001   0.16        0.16       0.20      Beat    22
 ​​Jan.        0.20        0.21       0.19      Missed  -7.3
 1 0001                                                 
 Sep. 30 2022  0.20        0.20       0.20      Met     0.7​
 Jun. 30 2022  0.20        0.20       0.21      Beat    5.8
 Mar. 31 2022  0.22        0.22       0.24      Beat    10.3
 This summary was machine generated April 30 at 15:54 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)