Varonis Systems Inc expected to post earnings of 23 cents a share - Earnings Preview

Varonis Systems

02/02/2024 22:30

* Varonis Systems Inc  VRNS.OQ   VRNS.O  is expected to show
a
rise in quarterly revenue when it reports  results on February 5
for the period ending December 31 2023
    * The New York City-based  company is expected to report a
6.5% increase in revenue to $151.834 million from $142.62
million a year ago, according to the mean estimate from 21
analysts, based on LSEG data.The company's guidance on October
30 2023, for the period ended December 31, was for revenue
between $150.00 million and $154.00 million.
    * ​LSEG's mean analyst estimate for Varonis Systems Inc is
for
earnings of 23 cents per share. The company's EPS guidance on
October 30 2023, for the period ended December 31, was between
$0.22 and $0.24 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 10
"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 $47.00​, above​ its last closing price of $45.82. ​​​

The company's guidance on October 30 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD25 million and USD27 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  
 Sep. 30 2023  0.03        0.02       0.08      Beat    227.9
 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.        0.06        0.06       0.05      Missed  -14
 30 2022                                                
 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
 This summary was machine generated February 2 at 22:29 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)