Verint Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Verint Systems Inc. (NASDAQ:VRNT) is expected to report lower Q3 earnings with an estimate of 57 cents per share compared to 69 cents per share a year ago. Revenue is projected at $215.90 million. The company previously reported weaker-than-expected Q2 results. Shares dropped 1.1% to $24.26. Analysts from TD Cowen, Wedbush, and Evercore ISI Group have revised their ratings and price targets for VRNT.
December 06, 2023 | 4:07 pm
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NEGATIVE IMPACT
Verint Systems is anticipated to report lower Q3 earnings and has already seen a share price drop of 1.1%. Analysts have revised their price targets and ratings, indicating potential concerns about the company's performance.
The expected decrease in earnings per share and the recent downward revisions of price targets by analysts suggest a negative outlook for VRNT in the short term. The recent drop in share price further supports the likelihood of a negative impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100