SolarWinds Corp expected to post earnings of 23 cents a share - Earnings Preview

SolarWinds

30/07/2024 19:36

* SolarWinds Corp  SWI.N   SWI  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Austin Texas-based  company is expected to report a
2.0% increase in revenue to $188.665 million from $185.03
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$186.00 million and $191.00 million.
    * ​LSEG's mean analyst estimate for SolarWinds Corp is for
earnings of 23 cents per share. The company's EPS guidance on
May 2 2024, for the period ended June 30, was between $0.21 and
$0.23 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 $13.25​, above​ its last closing price of $11.89. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD186 million and USD88 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  
 Mar. 31 2024  0.22        0.22       0.29      Beat    32.7
 Dec. 31 2024              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
 ​​Mar.        0.16        0.16       0.20      Beat    22
 31 2023                                                
 Dec. 31 2022  0.20        0.21       0.19      Missed  -7.3​
 Sep. 30 2022  0.20        0.20       0.20      Met     0.7
 Jun. 30 2022  0.20        0.20       0.21      Beat    5.8
 This summary was machine generated July 30 at 18:36 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)