Verint Systems Inc. (VRNT) : Q216 Earnings Preview

Verint Systems Inc. (VRNT) is set to report Q216 results tonight after the close with a conference call to follow at 4:30 p.m. ET. Analysts expect the provider of actionable intelligence solutions to report earnings per share of $0.68 and revenue of $289.87 million. That would be $0.02 higher the $0.66 per share posted last quarter and $0.04 lower the $0.72 posted in the 2Q15. Revenue is projected to be $13.07 million higher than the $276.8 million posted in the same period a year earlier.

As a quick reminder, VRNT reported Q116 EPS of $0.66, $0.12 better than the Street’s consensus estimate of $0.54. Revs increased 4.70% year-over-year to $269.5 million versus the $274.87 million consensus.

Verint Systems Inc., currently valued at $3.19 billion, has a median Wall Street price target of $70.00 with a high target of $73.00. Over the past year, shares of Melville, New York-based company have traded between a low of $50.09 and a high of $66.45 with the 50-day MA and 200-day MA located at $57.70 and $60.94 levels, respectively. Additionally, shares of VRNT trade at a P/E ratio of 1.33 and have a Relative Strength Index (RSI) and MACD indicator of 24.91 and -2.72, respectively.

VRNT currently prints a one year return of 2.12% and a year-to-date loss of around 11%.

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