* OneSpan Inc reported quarterly adjusted earnings of 43 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of four analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 9 cents to 21 cents per share.
* Revenue rose 12.6% to $64.84 million from a year ago; analysts expected $56.40 million.
* OneSpan Inc's reported EPS for the quarter was 35 cents.
* The company reported quarterly net income of $13.47 million.
* OneSpan Inc shares had fallen by 6.1% this quarter and gained 1.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 73.5% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "hold"
Wall Street's median 12-month price target for OneSpan Inc is $12.00 This summary was machine generated from LSEG data May 2 at 09:47 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.17 0.43 Beat
Dec. 31 2023 0.03 0.19 Beat
Sep. 30 2023 -0.04 0.09 Beat
Jun. 30 2023 -0.05 -0.18 Missed
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