Sapiens Shares Tumble On Q3 Miss: Adjusts Outlook Amid Revenue Shortfalls

Benzinga2024-11-11

Sapiens International Corporation N.V. (NASDAQ:SPNS) shares are trading lower after the company reported third-quarter results.

Revenue rose 4.8% year over year to $137.0 million, missing the consensus of $140.07 million. Revenue growth was led by 7.1% growth in our European region, 1.7% growth in North America and 6.6% growth in ROW regions.

Adjusted operating income grew 4.3% to $25.1 million, with margin contraction of 10 bps to 18.3%. Adjusted EPS of $0.37 came below the consensus of $0.38.

Roni Al-Dor, President and CEO of Sapiens, stated, “Revenue fell short of our targets in the third quarter, and the challenges we encountered are expected to impact revenue in the fourth quarter.”

As of September 30, cash and cash equivalent stood at $185.95 million.

Outlook: The company adjusted 2024 non-GAAP revenue guidance to $541 million – $546 million (vs. consensus of $552.69 million), down 1.6% at the midpoint from the previous $550 million – $555 million range.

However, Sapiens expects non-GAAP operating margin to be within its guidance range at 18.2% (prior view: 18.1% – 18.5%).

For 2025, the company projects low single-digit revenue growth.

Price Action: SPNS shares are down 26% at $29.19 at the last check Monday.

Photo via Shutterstock

Read Next:

MicroStrategy Acquires Another 27,200 Bitcoin Worth $2 Billion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482738400?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 22:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482738400","market":"hk","top_or_hot":-1,"title":"Sapiens Shares Tumble On Q3 Miss: Adjusts Outlook Amid Revenue Shortfalls","media":"Benzinga","content":"<html><body><p><strong>Sapiens International Corporation N.V. </strong>(NASDAQ:SPNS) shares are trading lower after the company reported third-quarter results.</p>\n<p>Revenue rose 4.8% year over year to $137.0 million, missing the consensus of $140.07 million. Revenue growth was led by 7.1% growth in our European region, 1.7% growth in North America and 6.6% growth in ROW regions.</p>\n<p>Adjusted operating income grew 4.3% to $25.1 million, with margin contraction of 10 bps to 18.3%. Adjusted EPS of $0.37 came below the consensus of $0.38.</p>\n<p>Roni Al-Dor, President and CEO of Sapiens, stated, “Revenue fell short of our targets in the third quarter, and the challenges we encountered are expected to impact revenue in the fourth quarter.”</p>\n<p>As of September 30, cash and cash equivalent stood at $185.95 million.</p>\n<p><strong>Outlook</strong>: The company adjusted 2024 non-GAAP revenue guidance to $541 million – $546 million (vs. consensus of $552.69 million), down 1.6% at the midpoint from the previous $550 million – $555 million range.</p>\n<p>However, Sapiens expects non-GAAP operating margin to be within its guidance range at 18.2% (prior view: 18.1% – 18.5%).</p>\n<p>For 2025, the company projects low single-digit revenue growth.</p>\n<p><strong>Price Action:</strong> SPNS shares are down 26% at $29.19 at the last check Monday.</p>\n<p><em>Photo via Shutterstock</em></p>\n<p><strong>Read Next</strong>:</p>\n<ul>\n<li><strong>MicroStrategy Acquires Another 27,200 Bitcoin Worth $2 Billion</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sapiens Shares Tumble On Q3 Miss: Adjusts Outlook Amid Revenue Shortfalls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSapiens Shares Tumble On Q3 Miss: Adjusts Outlook Amid Revenue Shortfalls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-11 22:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/24/11/41879605/sapiens-shares-tumble-as-q3-revenue-misses-mark-lowering-2024-outlook><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sapiens International Corporation N.V. (NASDAQ:SPNS) shares are trading lower after the company reported third-quarter results.\nRevenue rose 4.8% year over year to $137.0 million, missing the ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/41879605/sapiens-shares-tumble-as-q3-revenue-misses-mark-lowering-2024-outlook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPNS","symbol_name":"Sapiens International Corp","start_time":0,"source_url":"https://www.benzinga.com/24/11/41879605/sapiens-shares-tumble-as-q3-revenue-misses-mark-lowering-2024-outlook","article_id":"2482738400","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482738400","pubTimestamp":1731336167,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Sapiens Int&#39;l shares down after reporting 3Q 2024 results. Revenue rose 4.8% but missed consensus, adjusted EPS below consensus.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SPNS":"Sapiens International Corp"},"translate_title":"Sapiens股价因第三季度表现不佳而暴跌：因收入短缺而调整前景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPNS":0.9},"content_text":"Sapiens International Corporation N.V. (NASDAQ:SPNS) shares are trading lower after the company reported third-quarter results.\nRevenue rose 4.8% year over year to $137.0 million, missing the consensus of $140.07 million. Revenue growth was led by 7.1% growth in our European region, 1.7% growth in North America and 6.6% growth in ROW regions.\nAdjusted operating income grew 4.3% to $25.1 million, with margin contraction of 10 bps to 18.3%. Adjusted EPS of $0.37 came below the consensus of $0.38.\nRoni Al-Dor, President and CEO of Sapiens, stated, “Revenue fell short of our targets in the third quarter, and the challenges we encountered are expected to impact revenue in the fourth quarter.”\nAs of September 30, cash and cash equivalent stood at $185.95 million.\nOutlook: The company adjusted 2024 non-GAAP revenue guidance to $541 million – $546 million (vs. consensus of $552.69 million), down 1.6% at the midpoint from the previous $550 million – $555 million range.\nHowever, Sapiens expects non-GAAP operating margin to be within its guidance range at 18.2% (prior view: 18.1% – 18.5%).\nFor 2025, the company projects low single-digit revenue growth.\nPrice Action: SPNS shares are down 26% at $29.19 at the last check Monday.\nPhoto via Shutterstock\nRead Next:\n\nMicroStrategy Acquires Another 27,200 Bitcoin Worth $2 Billion","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482738400"}