-$0.04 EPS Expected for Secureworks Corp (SCWX) This Quarter

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Analysts expect Secureworks Corp (NASDAQ:SCWX) to announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Secureworks’ earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.03). Secureworks reported earnings of ($0.06) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, December 5th.

According to Zacks, analysts expect that Secureworks will report full-year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.18) to ($0.15). For the next fiscal year, analysts forecast that the company will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.10) to $0.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Secureworks.

Secureworks (NASDAQ:SCWX) last released its earnings results on Wednesday, September 5th. The technology company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Secureworks had a negative return on equity of 4.67% and a negative net margin of 5.13%. The firm had revenue of $128.80 million during the quarter, compared to analysts’ expectations of $127.62 million. During the same period in the previous year, the firm posted ($0.07) EPS. Secureworks’s revenue for the quarter was up 10.7% on a year-over-year basis.

Several research analysts recently commented on the company. BidaskClub raised Secureworks from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. UBS Group cut Secureworks from a “neutral” rating to a “sell” rating and set a $11.00 target price for the company. in a research note on Friday, August 24th. Stifel Nicolaus boosted their target price on Secureworks from $10.50 to $11.50 and gave the stock a “hold” rating in a research note on Thursday. Morgan Stanley boosted their target price on Secureworks from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, ValuEngine raised Secureworks from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.20.

SCWX opened at $13.39 on Friday. Secureworks has a 12 month low of $7.83 and a 12 month high of $15.88. The firm has a market cap of $1.06 billion, a P/E ratio of -29.76 and a beta of 1.37.

Large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of Secureworks by 156.9% during the 4th quarter. Deutsche Bank AG now owns 19,307 shares of the technology company’s stock worth $171,000 after acquiring an additional 11,791 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Secureworks during the 4th quarter worth about $371,000. Royce & Associates LP acquired a new position in shares of Secureworks during the 2nd quarter worth about $5,808,000. Northern Trust Corp boosted its position in shares of Secureworks by 5.2% during the 1st quarter. Northern Trust Corp now owns 97,427 shares of the technology company’s stock worth $787,000 after acquiring an additional 4,794 shares in the last quarter. Finally, Gagnon Securities LLC boosted its position in shares of Secureworks by 26.0% during the 2nd quarter. Gagnon Securities LLC now owns 524,963 shares of the technology company’s stock worth $6,536,000 after acquiring an additional 108,322 shares in the last quarter. 8.84% of the stock is owned by institutional investors and hedge funds.

About Secureworks

SecureWorks Corp., through its subsidiaries, provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.

Further Reading: Understanding Price to Earnings Ratio (PE)

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