Earnings Outlook For Varonis Systems

Varonis Systems (NASDAQ:VRNS) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Varonis Systems to report an earnings per share (EPS) of $0.07.

Anticipation surrounds Varonis Systems's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.07, leading to a 14.64% increase in the share price the following trading session.

Here's a look at Varonis Systems's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.02

-0.09

0.23

0.02

EPS Actual

0.05

-0.03

0.27

0.08

Price Change %

15.0%

1.0%

7.000000000000001%

7.000000000000001%

Market Performance of Varonis Systems's Stock

Shares of Varonis Systems were trading at $56.86 as of October 25. Over the last 52-week period, shares are up 72.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Varonis Systems

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Varonis Systems.

The consensus rating for Varonis Systems is Outperform, derived from 14 analyst ratings. An average one-year price target of $61.93 implies ...