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

Varonis Systems

28/10/2023 02:37

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results 
    * The New York City-based  company is expected to report  a
1.7% increase in revenue to $125.346 million from $123.31
million a year ago, according to the mean estimate from 18
analysts, based on Refinitiv data. The company's guidance on
July 31 2023, for the period ended September 30, was for revenue
between $123.50 million and $127.00 million.
    * ​Refinitiv's mean analyst estimate for Varonis Systems Inc
is
for earnings of 2 cents per share. The company's EPS guidance on
July 31 2023, for the period ended September 30, was between
$0.02 and $0.03 
    * 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 had fallen by
about 2.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Varonis
Systems
Inc is $35​, above​ its last closing price of $31.51. ​​​

The company's guidance on July 31 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD1 million and USD2 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  
 Jun. 30 2023  0.02        0.02       0.01      Missed  -49.2
 Mar. 31 2023  -0.05       -0.05      0.00      Beat    100
 Dec. 31 2022  0.17        0.17       0.21      Beat    22.6​
 Sep. 30 2022  0.06        0.06       0.05      Missed  -14
 ​​Jun.        -0.01       -0.01      0.00      Beat    100
 30 2022                                                
 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. 30 2021  0.02        0.02       0.05      Beat    168.4
 This summary was machine generated October 28 at 01:37 GMT.  All
figures in US dollars  unless otherwise stated