Open Text Corp OTEX.TO is expected to show a fall in quarterly revenue when it reports results on February 6 for the period ending December 31 2024
The Waterloo Ontario-based company is expected to report a 14.1% decrease in revenue to $1.318 billion from $1.53 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.The company's guidance on October 31 2024, for the period ended December 31, was for revenue between $1.29 billion and $1.34 billion. (SAL is based on Total Revenue)
LSEG's mean analyst estimate for Open Text Corp is for earnings of 92 cents per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Open Text Corp is $34.00, above its last closing price of $29.14.
The company's guidance on October 31 2024 for the period ended December 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD1.29 billion and USD469 million.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.82 | 0.80 | 0.93 | Beat | 15.9 |
Jun. 30 2024 | 1.02 | 1.01 | 0.98 | Missed | -3 |
Mar. 31 2024 | 0.94 | 0.94 | 0.94 | Met | 0.4 |
Dec. 31 2023 | 1.19 | 1.19 | 1.24 | Beat | 4 |
Sep. 30 2023 | 0.90 | 0.90 | 1.01 | Beat | 12.3 |
Jun. 30 2023 | 0.86 | 0.86 | 0.91 | Beat | 6 |
Mar. 31 2023 | 0.47 | 0.47 | 0.73 | Beat | 55.3 |
Dec. 31 2022 | 0.78 | 0.78 | 0.89 | Beat | 14 |
This summary was machine generated February 4 at 21:16 GMT. 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)
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