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

SolarWinds

03/08/2023 15:27

* SolarWinds Corp  SWI.N  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
17 cents per share.
    * Revenue rose 5.1% to $185.03 million from a year ago;
analysts
expected $179.02 million. 
    * SolarWinds Corp's reported EPS for the quarter was
breakeven
results​.
    * 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. 
    * SolarWinds Corp shares had fallen by 1.0% this quarter and
gained 8.5% so far this year.
    * The company reported quarterly net income of $260
thousand.
    * Wall Street's median 12-month price target for SolarWinds
Corp
is $11.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 02:26 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.17           0.21           Beat
 Mar. 31 2023      0.16           0.20           Beat
 Dec. 31 2022      0.21           0.19           Missed
 Sep. 30 2022      0.20           0.20           Met