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

• Verint Systems Inc VRNT reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of seven analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 26 cents to 27 cents per share.

• Revenue fell 1% to $208.01 million from a year ago; analysts expected $200.51 million.

• Verint Systems Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $5.69 million.

• Verint Systems Inc shares had risen by 3.7% this quarter and lost 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 59.2% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for Verint Systems Inc is $20.50, about 0.5% above its last closing price of $20.39

This summary was machine generated from LSEG data September 2 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)