Verint Systems (VRNT) Lags Q2 Earnings and Revenue Estimates

Core Viewpoint - Verint Systems reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.53 per share, and showing a slight increase from $0.48 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -7.55%, with the company previously expected to post earnings of $0.54 per share but actually producing $0.59, resulting in a surprise of 9.26% in the prior quarter [2] - Revenues for the quarter ended July 2024 were $210.17 million, missing the Zacks Consensus Estimate by 1.43%, and slightly down from $210.41 million year-over-year [3] Stock Performance - Verint shares have increased approximately 11.7% since the beginning of the year, compared to the S&P 500's gain of 15.9% [4] - The current Zacks Rank for Verint is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $216.78 million, and for the current fiscal year, it is $2.90 on revenues of $938.29 million [8] - The outlook for the Computer - Software industry is positive, ranking in the top 19% of over 250 Zacks industries, suggesting potential for outperformance [9]