Verint Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Verint Systems Inc. VRNT is projected to release financial results for its third quarter, after the closing bell on Dec. 6, 2023.

Analysts expect the company to post quarterly earnings at 57 cents per share, down from year-ago earnings of 69 cents per share. The company’s revenue might come in at $215.90 million for the latest quarter, according to data from Benzinga Pro.

Verint Systems, during September, reported weaker-than-expected second-quarter results.

Verint Systems shares fell 1.1% to close at $24.26 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• TD Cowen analyst Shaul Eyal maintained an Outperform rating and cut the price target from $50 to $40 on Sept. 7, 2023. This analyst has an accuracy rate of 76%.
• Wedbush analyst Daniel Ives maintained an Outperform rating and slashed the price target from $45 to $35 on Sept. 7, 2023. This analyst has an accuracy rate of 77%.
• Evercore ISI Group analyst Peter Levine downgraded the stock from Outperform to In-Line and lowered the price target from $50 to $28 on Sept. 7, 2023. This analyst has an accuracy rate of 68%.

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