In its upcoming report, Varonis Systems (VRNS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.23 per share, reflecting an increase of 9.5% compared to the same period last year. Revenues are forecasted to be $151.64 million, representing a year-over-year increase of 6.3%.
The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
That said, let's delve into the average estimates of some Varonis metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenues- Maintenance and Services' stands at $23.69 million. The estimate indicates a change of -8.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Subscriptions' will likely reach $127.69 million. The estimate indicates a change of +9.4% from the prior-year quarter.
Analysts' assessment points toward 'Annual Recurring Revenues' reaching $537.76 million. The estimate compares to the year-ago value of $465.10 million.
View all Key Company Metrics for Varonis here>>>
Shares of Varonis have demonstrated returns of +4.3% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #4 (Sell), VRNS is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
In its upcoming report, Varonis Systems (VRNS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.23 per share, reflecting an increase of 9.5% compared to the same period last year. Revenues are forecasted to be $151.64 million, representing a year-over-year increase of 6.3%.
The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
That said, let's delve into the average estimates of some Varonis metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenues- Maintenance and Services' stands at $23.69 million. The estimate indicates a change of -8.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Subscriptions' will likely reach $127.69 million. The estimate indicates a change of +9.4% from the prior-year quarter.
Analysts' assessment points toward 'Annual Recurring Revenues' reaching $537.76 million. The estimate compares to the year-ago value of $465.10 million.
View all Key Company Metrics for Varonis here>>>
Shares of Varonis have demonstrated returns of +4.3% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #4 (Sell), VRNS is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on VRNS - FREE