Verint Systems (VRNT) Beats Q3 Earnings and Revenue Estimates

Core Viewpoint - Verint Systems reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of$ 0.43 per share, although down from $0.65 per share a year ago [1][3] Financial Performance - The earnings surprise for the quarter was 25.58%, with the company previously expected to post earnings of$ 0.53 per share but actually reporting $0.49 per share in the prior quarter, resulting in a surprise of -7.55% [2] - For the quarter ended October 2024, Verint posted revenues of$ 224.19 million, surpassing the Zacks Consensus Estimate by 6.65%, compared to $218.67 million in the same quarter last year [3] - Over the last four quarters, Verint has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [3] Stock Performance and Outlook - Verint shares have declined approximately 10.2% since the beginning of the year, contrasting with the S&P 500's gain of 26.8% [5] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [8] - The current consensus EPS estimate for the upcoming quarter is$ 1.40 on revenues of $291.59 million, and for the current fiscal year, it is$ 2.92 on revenues of $933.24 million [9] Industry Context - The Computer - Software industry, to which Verint belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [10]