Wall Street analysts forecast that Verint Systems (VRNT - Free Report) will report quarterly earnings of $0.54 per share in its upcoming release, pointing to a year-over-year decline of 21.7%. It is anticipated that revenues will amount to $216.33 million, exhibiting a decline of 4.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Verint metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Perpetual revenue - non-GAAP' will reach $22.30 million. The estimate points to a change of -8.7% from the year-ago quarter.
Analysts expect 'Revenue- Professional services revenue - non-GAAP' to come in at $23.42 million. The estimate suggests a change of -11.8% year over year.
Based on the collective assessment of analysts, 'Revenue- Support revenue - non-GAAP' should arrive at $31.06 million. The estimate indicates a change of -27.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Cloud revenue - non-GAAP' should come in at $138.33 million. The estimate points to a change of +5.1% from the year-ago quarter.
View all Key Company Metrics for Verint here>>>
Shares of Verint have experienced a change of +24.3% in the past month compared to the +9.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), VRNT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Wall Street analysts forecast that Verint Systems (VRNT - Free Report) will report quarterly earnings of $0.54 per share in its upcoming release, pointing to a year-over-year decline of 21.7%. It is anticipated that revenues will amount to $216.33 million, exhibiting a decline of 4.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Verint metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Perpetual revenue - non-GAAP' will reach $22.30 million. The estimate points to a change of -8.7% from the year-ago quarter.
Analysts expect 'Revenue- Professional services revenue - non-GAAP' to come in at $23.42 million. The estimate suggests a change of -11.8% year over year.
Based on the collective assessment of analysts, 'Revenue- Support revenue - non-GAAP' should arrive at $31.06 million. The estimate indicates a change of -27.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Cloud revenue - non-GAAP' should come in at $138.33 million. The estimate points to a change of +5.1% from the year-ago quarter.
View all Key Company Metrics for Verint here>>>
Shares of Verint have experienced a change of +24.3% in the past month compared to the +9.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), VRNT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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