SolarWinds Corp reports results for the quarter ended in December - Earnings Summary

SolarWinds

08/02/2024 16:44

* SolarWinds Corp  SWI.N  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 19 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 21 cents per share. 
    * Revenue rose 5.9% to $198.14 million from a year ago;
analysts
expected $190.43 million. 
    * SolarWinds Corp's reported EPS for the quarter was
breakeven
results​.
    * The company reported a quarterly loss of $576 thousand.
    * SolarWinds Corp shares had fallen by 0.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for SolarWinds Corp
is $12.25 
This summary was machine generated from LSEG data February 8 at
04:44 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
 Dec. 31 2023      0.21           0.24           Beat
 Sep. 30 2023      0.18           0.23           Beat
 Jun. 30 2023      0.17           0.21           Beat
 Mar. 31 2023      0.16           0.20           Beat