Varonis Systems Q4 Adj EPS $0.27 Beats $0.23 Estimate, Sales $154.10M Beat $151.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems (NASDAQ:VRNS) reported Q4 adjusted earnings of $0.27 per share, surpassing the consensus estimate of $0.23 by 17.39%. Year-over-year, this represents a 28.57% increase from $0.21 per share. Quarterly sales reached $154.10 million, exceeding estimates of $151.83 million by 1.49% and marking an 8.05% increase from $142.62 million in the same period last year.
February 05, 2024 | 9:06 pm
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Varonis Systems reported a significant beat on both earnings and sales estimates for Q4, with adjusted EPS at $0.27 and sales at $154.10M.
Beating both earnings and sales estimates significantly, especially with a year-over-year growth in earnings and sales, is likely to instill investor confidence and could lead to a short-term positive impact on VRNS's stock price. The surpassing of analyst expectations by a notable margin indicates strong company performance and operational efficiency, which are key drivers for stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100