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

Verint Systems

07/12/2023 05:31

* Verint Systems Inc  VRNT.OQ  reported quarterly adjusted
earnings of 65 cents​​ per share for the quarter ended in
October, lower than the same quarter last year, when the company
reported EPS of 69 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 57 cents per
share. Wall Street expected results to range from 54 cents to 64
cents per share.
    * Revenue fell 3% to $218.55 million from a year ago;
analysts
expected $215.90 million. 
    * Verint Systems Inc's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $7.41
million.
    * Verint Systems Inc shares had risen by 4.5% this
quarter and
lost 33.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.6%
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 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 $35.50 
This summary was machine generated from LSEG data December 7 at
05:30 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
 Oct. 31 2023      0.57           0.65           Beat
 Jul. 31 2023      0.57           0.48           Missed
 Apr. 30 2023      0.47           0.53           Beat
 Jan. 31 2023      0.72           0.75           Beat