We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Commvault (CVLT) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Commvault Systems (CVLT - Free Report) is expected to reveal quarterly earnings of $0.98 per share, indicating an increase of 4.3% compared to the year-ago period. Analysts forecast revenues of $299 million, representing an increase of 13.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Commvault metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Perpetual license' of $12.84 million. The estimate indicates a change of -21.8% from the prior-year quarter.
Analysts expect 'Revenues- Other services' to come in at $11.16 million. The estimate indicates a year-over-year change of +3.3%.
Based on the collective assessment of analysts, 'Revenues- Subscription' should arrive at $195.28 million. The estimate indicates a change of +23.3% from the prior-year quarter.
Analysts forecast 'Annualized Recurring Revenue (ARR)' to reach $1074.09 . Compared to the current estimate, the company reported $889.63 in the same quarter of the previous year.
Over the past month, shares of Commvault have returned -6% versus the Zacks S&P 500 composite's +0.7% change. Currently, CVLT carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Commvault (CVLT) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Commvault Systems (CVLT - Free Report) is expected to reveal quarterly earnings of $0.98 per share, indicating an increase of 4.3% compared to the year-ago period. Analysts forecast revenues of $299 million, representing an increase of 13.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Commvault metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Perpetual license' of $12.84 million. The estimate indicates a change of -21.8% from the prior-year quarter.
Analysts expect 'Revenues- Other services' to come in at $11.16 million. The estimate indicates a year-over-year change of +3.3%.
Based on the collective assessment of analysts, 'Revenues- Subscription' should arrive at $195.28 million. The estimate indicates a change of +23.3% from the prior-year quarter.
Analysts forecast 'Annualized Recurring Revenue (ARR)' to reach $1074.09 . Compared to the current estimate, the company reported $889.63 in the same quarter of the previous year.
View all Key Company Metrics for Commvault here>>>Over the past month, shares of Commvault have returned -6% versus the Zacks S&P 500 composite's +0.7% change. Currently, CVLT carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .