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

Varonis Systems

29/07/2023 24:18

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results on July 31. 
    * The New York City-based  company is expected to report  a
6.9% increase in revenue to $119.129 million from $111.45
million a year ago, according to the mean estimate from 19
analysts, based on Refinitiv data. The company's guidance on May
1 2023, for the period ended June 30, was for revenue between
$118.00 million and $120.00 million.
    * ​Refinitiv's mean analyst estimate for Varonis Systems Inc
is
for earnings of 2 cents per share. The company's EPS guidance on
May 1 2023, for the period ended June 30, was between $0.01 and
$0.02 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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​, above​ its last closing price of $28.03. ​​​

The company's guidance on May 1 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD500
thousand and USD1.5 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  
 Mar. 31 2023  -0.05       -0.05      0.00      Beat    100
 Dec. 31 2023  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.        -0.10       -0.10      -0.09     Beat    10.8
 31 2022                                                
 Dec. 31 2021  0.13        0.13       0.16      Beat    24.7​
 Sep. 30 2021  0.02        0.02       0.05      Beat    168.4
 Jun. 30 2021  -0.03       -0.03      -0.01     Beat    68.5
 This summary was machine generated July 28 at 23:18 GMT.  All
figures in US dollars  unless otherwise stated