VeriSign, Inc reports results for the quarter ended in January - Earnings Summary

VeriSign,

25/07/2024 22:05

* VeriSign, Inc  VRSN.OQ  reported quarterly adjusted
earnings of
$2.01​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.79.  The mean expectation of two analysts for the quarter was
for earnings of $1.93 per share. Wall Street expected results to
range from $1.93  to $1.94 per share.
    * Revenue rose 4.1% to $387.10 million from a year ago;
analysts
expected $385.80 million. 
    * VeriSign, Inc's reported EPS for the quarter was $2.01​.
    * VeriSign, Inc shares had fallen by 1.6% this quarter and
lost 15.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for VeriSign, Inc is
$202.86 
This summary was machine generated from LSEG data July 25 at
09:05 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
 Jun. 30 2024      1.93           2.01           Beat
 Mar. 31 2024      1.86           1.92           Beat
 Dec. 31 2023                     1.92           
 Sep. 30 2023      1.81           1.83           Beat