Varonis Systems Inc reports results for the quarter ended in December - Earnings Summary

Varonis Systems

05/02/2024 22:01

* Varonis Systems Inc  VRNS.OQ  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
twenty two analysts for the quarter was for earnings of 23 cents
per share. Wall Street expected results to range from 22 cents
to 24 cents per share.
    * Revenue rose 8.1% to $154.10 million from a year ago;
analysts
expected $151.83 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss of
1 cent​.
    * The company reported a quarterly loss of $898 thousand.
    * Varonis Systems Inc shares had risen by 0.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Varonis Systems
Inc is $49.00 
This summary was machine generated from LSEG data February 5 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.23           0.27           Beat
 Sep. 30 2023      0.02           0.08           Beat
 Jun. 30 2023      0.02           0.01           Missed
 Mar. 31 2023      -0.05          0.00           Beat