Varonis Systems Inc expected to post a loss of 5 cents a share - Earnings Preview

Varonis Systems

28/04/2023 21:43

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 1. 
    * The New York City-based  company is expected to report  a
11.1% increase in revenue to $106.907 million from $96.26
million a year ago, according to the mean estimate from 18
analysts, based on Refinitiv data. The company's guidance on
March 14 2023, for the period ended March 31, was for revenue
between $106.00 million and $108.00 million.
    * ​Refinitiv's mean analyst estimate for Varonis Systems Inc
is
for a loss of 5 cents per share. The company's EPS guidance on
March 14 2023, for the period ended March 31, was between $-0.05
and $-0.04 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 11
"hold" and 1 "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 $30.5​, above​ its last closing price of $23.03. ​​​

The company's guidance on March 14 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-7 million and USD-6 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  -0.10       -0.10      -0.09     Beat    10.8
 ​​Dec.        0.13        0.13       0.16      Beat    24.7
 31 2021                                                
 Sep. 30 2021  0.02        0.02       0.05      Beat    168.4​
 Jun. 30 2021  -0.03       -0.03      -0.01     Beat    68.5
 Mar. 31 2021  -0.13       -0.13      -0.08     Beat    38.1
 This summary was machine generated April 28 at 20:43 GMT.  All
figures in US dollars  unless otherwise stated