Verint Systems Inc reports results for the quarter ended April 30 - Earnings Summary

• Verint Systems Inc VRNT.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of seven analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 13 cents to 47 cents per share.

• Revenue fell 6% to $208.10 million from a year ago; analysts expected $194.64 million.

• Verint Systems Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $2.38 million.

• Verint Systems Inc shares had fallen by 0.2% this quarter and lost 35.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 64.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

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 $29.50

This summary was machine generated from LSEG data June 4 at 09:01 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)