Verint (VRNT) Reports Q3 Earnings: Key Metrics Analysis

Verint Systems (VRNT) has released its earnings report for the quarter ending October 2024. During this period, the company generated $224.19 million in revenue, marking a year-over-year increase of 2.5%. However, earnings per share (EPS) came in at $0.54, which is a decrease from $0.65 reported during the same quarter last year.

The reported revenue exceeded the Zacks Consensus Estimate of $210.21 million, yielding a positive surprise of +6.65%. Additionally, Verint's EPS was above expectations, delivering a surprise of +25.58%, with the consensus EPS estimate being $0.43.

While headline figures like revenue and earnings are significant for investors, analyzing key metrics provides deeper insights into a company’s performance. A comparison of these metrics with previous figures and Wall Street estimates offers investors a clearer view of potential stock performance.

Key Metrics Overview

In the recently reported quarter, Verint's performance in various key metrics was as follows:

• Revenue from Perpetual Revenue - Non-GAAP: $23.47 million, which is above the estimated $21.39 million by three analysts but reflects a 4.4% decline year over year.
• Revenue from Professional Services Revenue - Non-GAAP: $20.86 million, significantly lower than the $23.02 million average estimate provided by three analysts, representing a notable 36.5% decrease compared to last year.
• Revenue from Support Revenue - Non-GAAP: $25.46 million, which surpassed the three-analyst average estimate of $24.80 million, yet signifies a 24.3% decline from the previous year.

For a detailed view of all key company metrics for Verint, interested individuals can explore further resources.

Investors’ Insights

In terms of stock performance, Verint shares have shown a positive return of +9.7% over the past month, outperforming the Zacks S&P 500 composite, which posted a +5.8% change during the same period. Currently, Verint holds a Zacks Rank of #3 (Hold), suggesting that its stock may perform in line with the broader market in the near future.

Earnings, Metrics, Performance