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

Varonis Systems

07/05/2024 04:39

* Varonis Systems Inc  VRNS.OQ  reported a quarterly
adjusted loss
of 3 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of twenty
one analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -11 cents
to -1 cents per share.
    * Revenue rose 6.2% to $114.02 million from a year ago;
analysts
expected $113.62 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss
of 37 cents​.
    * The company reported a quarterly loss of $40.49 million.
    * Varonis Systems Inc shares had fallen by 7.2% this
quarter and
lost 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Varonis Systems
Inc is $54.00 
This summary was machine generated from LSEG data May 7 at 03:38
a.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
 Mar. 31 2024      -0.09          -0.03          Beat
 Dec. 31 2023      0.23           0.27           Beat
 Sep. 30 2023      0.02           0.08           Beat
 Jun. 30 2023      0.02           0.01           Missed