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

SolarWinds

05/05/2022 17:26

* SolarWinds Corp  SWI.N  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 22 cents per share.
    * Revenue fell 31.2% to $176.87 million from a year ago; 
analysts
expected $174.62 million. 
    * SolarWinds Corp's reported EPS for the quarter was a loss
of 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.7%
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 5.8% this quarter and
lost 11.6% so far this year.
    * The company reported a quarterly loss of $4.66 million.
    * Wall Street's median 12-month price target for SolarWinds
Corp
is $16.00 
    * 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." 

This summary was machine generated May 5 at 04:26 p.m.  ​All
figures in US dollars unless otherwise stated