Commvault (CVLT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Commvault Systems (CVLT) reported $223.29 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.7%. EPS of $0.79 for the same period compares to $0.73 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $213 million, representing a surprise of +4.83%. The company delivered an EPS surprise of +8.22%, with the consensus EPS estimate being $0.73.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Commvault performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Annualized Recurring Revenue (ARR): $769.95 versus the two-analyst average estimate of $769.69.
  • Revenues- Perpetual license: $15.20 million versus the three-analyst average estimate of $12.52 million. The reported number represents a year-over-year change of -13.5%.
  • Revenues- Other services: $11.20 million compared to the $10.52 million average estimate based on three analysts.
  • Revenues- Customer support: $77.03 million versus the three-analyst average estimate of $76.93 million.
  • Revenues- Subscription: $119.87 million versus $113.03 million estimated by three analysts on average.
View all Key Company Metrics for Commvault here>>>

Shares of Commvault have returned -1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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