Seeking Clues to Commvault (CVLT) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

In its upcoming report, Commvault Systems (CVLT) is predicted by Wall Street analysts to post quarterly earnings of $0.94 per share, reflecting an increase of 13.3% compared to the same period last year. Revenues are forecasted to be $273.48 million, representing a year-over-year increase of 17.2%.The consensus EPS estimate for the quarter has been revised 4.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.That said, let's delve into the average estimates of some Commvault metrics that Wall Street analysts commonly model and monitor.The combined assessment of analysts suggests that 'Revenues- Perpetual license' will likely reach $7.65 million. The estimate points to a change of -27.3% from the year-ago quarter.The collective assessment of analysts points to an estimated 'Revenues- Other services' of $11.79 million. The estimate points to a change of +6.9% from the year-ago quarter.The consensus estimate for 'Revenues- Customer support' stands at $78.75 million. The estimate indicates a change of +1.4% from the prior-year quarter.Based on the collective assessment of analysts, 'Revenues- Subscription' should arrive at $175.32 million. The estimate indicates a change of +30.8% from the prior-year quarter.Analysts expect 'Annualized Recurring Revenue (ARR)' to come in at $1029.91 . The estimate compares to the year-ago value of $853.27 . View all Key Company Metrics for Commvault here>>> Over the past month, shares of Commvault have returned -7.4% versus the Zacks S&P 500 composite's +0.2% change. Currently, CVLT carries a Zacks Rank #1 (Strong Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CommVault Systems, Inc. (CVLT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks