Verint Systems Inc reports results for the quarter ended in July 31 - Earnings Summary

Verint Systems

04/09/2024 22:02

* Verint Systems Inc  VRNT.OQ  reported quarterly adjusted
earnings of 49 cents​​ per share for the quarter ended July 31,
higher than the same quarter last year, when the company
reported EPS of 48 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 53 cents per
share. Wall Street expected results to range from 52 cents to 55
cents per share.
    * Revenue fell 0.1% to $210.17 million from a year ago;
analysts
expected $212.84 million. 
    * Verint Systems Inc's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $1.45
million.
    * Verint Systems Inc shares had fallen by 6.3% this
quarter and
gained 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 4 "strong buy" or "buy," 3
"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 Verint Systems
Inc is 38.00 
This summary was machine generated from LSEG data September 4 at
09:01 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
 Jul. 31 2024      0.53           0.49           Missed
 Apr. 30 2024      0.97           0.59           Missed
 Jan. 31 2024      0.97           1.07           Beat
 Oct. 31 2023      0.57           0.65           Beat