SolarWinds Corp reports results for the quarter ended in January 1 - Earnings Summary

SolarWinds

01/11/2024 03:47

* SolarWinds Corp  SWI.N  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 22 cents to 26 cents per share.
    * Revenue rose 5.5% to $200.03 million from a year ago;
analysts
expected $194.03 million. 
    * SolarWinds Corp's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $12.57
million.
    * SolarWinds Corp shares had fallen by 4.8% this quarter and
gained 7.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
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 1 "strong buy" or "buy," 6
"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 13.00 
This summary was machine generated from LSEG data November 1 at
03:47 a.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
 Sep. 30 2024      0.25           0.27           Beat
 Jun. 30 2024      0.23           0.26           Beat
 Mar. 31 2024      0.22           0.29           Beat
 Dec. 31 2023      0.21           0.24           Beat