Varonis Systems Inc expected to post a loss of 2 cents a share - Earnings Preview

Varonis Systems

27/07/2024 24:52

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results on July 29
for the period ending June 30 2024
    * The New York City-based  company is expected to report a
8.2% increase in revenue to $124.842 million from $115.42
million a year ago, according to the mean estimate from 18
analysts, based on LSEG data.The company's guidance on May 6
2024, for the period ended June 30, was for revenue between
$123.00 million and $126.00 million.
    * ​LSEG's mean analyst estimate for Varonis Systems Inc is
for a
loss of 2 cents per share. The company's EPS guidance on May 6
2024, for the period ended June 30, was between $-0.03 and
$-0.02 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 8
"hold" and no "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 Varonis
Systems
Inc is $55.00​, above​ its last closing price of $48.47. ​​​

The company's guidance on May 6 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD-6
million and USD-5 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  -0.09       -0.09      -0.03     Beat    66.1
 Dec. 31 2024  0.23        0.23       0.27      Beat    18
 Sep. 30 2023  0.03        0.02       0.08      Beat    227.9​
 Jan. 1 0001   0.02        0.02       0.01      Missed  -49.2
 ​​Mar.        -0.05       -0.05      0.00      Beat    100
 31 2023                                                
 Dec. 31 2022  0.17        0.17       0.21      Beat    22.6​
 Sep. 30 2022  0.06        0.06       0.05      Missed  -14
 Jun. 30 2022  -0.01       -0.01      0.00      Beat    100
 This summary was machine generated July 26 at 23:52 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)