Open Text Corporation reports results for the quarter ended September 30 - Earnings Summary

• Open Text Corporation OTEX.TO reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 88 cents to $1.04 per share.

• Revenue fell 4% to $1.24 billion from a year ago; analysts expected $1.24 billion.

• Open Text Corporation's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $155.25 million.

• Open Text Corporation shares had risen by 16.2% this quarter and lost 17.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Open Text Corporation is C$47.04, about 21.1% above its last closing price of C$37.09

This summary was machine generated from LSEG data November 5 at 03:50 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)