Varonis Systems Inc expected to post earnings of 17cents a share - Earnings Preview

Varonis Systems

03/02/2023 21:34

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results on February
6. 
    * The New York City-based  company is expected to report  a
11.2% increase in revenue to $140.694 million from $126.58
million a year ago, according to the mean estimate from 18
analysts, based on Refinitiv data. The company's guidance on
October 31 2022, for the period ended December 31, was for
revenue between $139.00 million and $142.00 million.
    * ​Refinitiv's mean analyst estimate for Varonis Systems Inc
is
for earnings of 17 cents per share. The company's EPS guidance
on October 31 2022, for the period ended December 31, was
between $0.17 and $0.18 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 9
"hold" and 2 "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 $26​, below​ its last closing price of $27.31. ​​​

The company's guidance on October 31 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD22 million and USD24 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  
 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. 31 2021  0.13        0.13       0.16      Beat    24.7
 ​​Sep.        0.02        0.02       0.05      Beat    168.4
 30 2021                                                
 Jun. 30 2021  -0.03       -0.03      -0.01     Beat    68.5​
 Mar. 31 2021  -0.13       -0.13      -0.08     Beat    38.1
 Dec. 31 2020  0.04        0.04       0.11      Beat    180.9
 This summary was machine generated February 3 at 21:34 GMT.  All
figures in US dollars  unless otherwise stated