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

• Verint Systems Inc VRNT.OQ reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of $1.07. The mean expectation of seven analysts for the quarter was for earnings of $1.27 per share. Wall Street expected results to range from $1.26 to $1.28 per share.

• Revenue fell 4.4% to $253.55 million from a year ago; analysts expected $276.99 million.

• Verint Systems Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $28.78 million.

• Verint Systems Inc shares had fallen by 20.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% 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 March 26 at 09:00 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)