Varonis Systems Inc expected to post a loss of 9 cents a share - Earnings Preview

Varonis Systems

04/05/2024 01:35

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 6 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
5.9% increase in revenue to $113.622 million from $107.34
million a year ago, according to the mean estimate from 20
analysts, based on LSEG data.The company's guidance on February
5 2024, for the period ended March 31, was for revenue between
$111.00 million and $115.00 million.
    * ​LSEG's mean analyst estimate for Varonis Systems Inc is
for a
loss of 9 cents per share. The company's EPS guidance on
February 5 2024, for the period ended March 31, was between
$-0.10 and $-0.09 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"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 $54.00​, above​ its last closing price of $43.77. ​​​

The company's guidance on February 5 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-15 million and USD-13 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  
 Dec. 31 2023  0.23        0.23       0.27      Beat    18
 Sep. 30 2023  0.03        0.02       0.08      Beat    227.9
 Jun. 30 2023  0.02        0.02       0.01      Missed  -49.2​
 Dec. 31 2022  -0.05       -0.05      0.00      Beat    100
 ​​Dec.        0.17        0.17       0.21      Beat    22.6
 31 2022                                                
 Jan. 1 0001   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
 This summary was machine generated May 4 at 00:35 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)