Varonis Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Varonis Systems

30/10/2024 03:03

* Varonis Systems Inc  VRNS.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of twenty
one analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 5 cents to 8
cents per share.
    * Revenue rose 21.1% to $148.07 million from a year ago;
analysts
expected $141.64 million. 
    * Varonis Systems Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The company reported a quarterly loss of $18.33 million.
    * Varonis Systems Inc shares had risen by 1.6% this
quarter and
gained 26.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 7
"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 60.86 
This summary was machine generated from LSEG data October 30 at
03:02 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
 Sep. 30 2024      0.07           0.10           Beat
 Jun. 30 2024      -0.02          0.05           Beat
 Mar. 31 2024      -0.09          -0.03          Beat
 Dec. 31 2023      0.23           0.27           Beat