Earnings results for Verint Systems Stock Forecast, Price & News (NASDAQ:VRNT)
Verint Systems Inc. is estimated to report earnings on 09/02/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.41. The reported EPS for the same quarter last year was $0.57.
Verint Systems last posted its quarterly earnings data on June 9th, 2020. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.68 by $0.16. The firm had revenue of $287 million for the quarter, compared to analyst estimates of $324.84 million. Its revenue for the quarter was down 11.4% on a year-over-year basis. Verint Systems has generated $2.62 earnings per share over the last year and currently has a price-to-earnings ratio of 158.3. Verint Systems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, September 2nd, 2020 based off prior year’s report dates.
Analyst Opinion on Verint Systems Stock Forecast, Price & News (NASDAQ:VRNT)
7 Wall Street analysts have issued ratings and price targets for Verint Systems in the last 12 months. Their average twelve-month price target is $59.25, predicting that the stock has a possible upside of 20.75%. The high price target for VRNT is $73.00 and the low price target for VRNT is $52.00. There are currently 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Verint Systems has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $59.25, Verint Systems has a forecasted upside of 20.7% from its current price of $49.07. Verint Systems has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: Verint Systems Stock Forecast, Price & News (NASDAQ:VRNT)
Verint Systems does not currently pay a dividend. Verint Systems does not have a long track record of dividend growth.
Insiders buying/selling: Verint Systems Stock Forecast, Price & News (NASDAQ:VRNT)
In the past three months, Verint Systems insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $67,733.00 in company stock. Only 1.70% of the stock of Verint Systems is held by insiders. 95.94% of the stock of Verint Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Verint Systems Stock Forecast, Price & News (NASDAQ:VRNT
Earnings for Verint Systems are expected to grow by 14.36% in the coming year, from $2.02 to $2.31 per share. The P/E ratio of Verint Systems is 158.29, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.31. The P/E ratio of Verint Systems is 158.29, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 64.39. Verint Systems has a PEG Ratio of 1.67. PEG Ratios above 1 indicate that a company could be overvalued. Verint Systems has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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