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

Verint Systems

04/12/2024 22:01

* Verint Systems Inc  VRNT.OQ  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended October
31, lower than the same quarter last year, when the company
reported EPS of 65 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 43 cents to 44
cents per share.
    * Revenue rose 2.5% to $224.19 million from a year ago;
analysts
expected $210.14 million. 
    * Verint Systems Inc's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $24.72
million.
    * Verint Systems Inc shares had fallen by 4.1% this
quarter and
lost 10.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.2%
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 $36.00 
This summary was machine generated from LSEG data December 4 at
10:01 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
 Oct. 31 2024      0.43           0.54           Beat
 Jul. 31 2024      0.53           0.49           Missed
 Apr. 30 2024      0.54           0.59           Beat
 Jan. 31 2024      0.97           1.07           Beat