Analysts Expect Secureworks Corp (NASDAQ:SCWX) Will Post Earnings of -$0.04 Per Share

Equities research analysts expect Secureworks Corp (NASDAQ:SCWX) to announce earnings per share (EPS) of ($0.04) for the current quarter, Zacks reports. Three analysts have provided estimates for Secureworks’ earnings, with estimates ranging from ($0.05) to ($0.04). Secureworks reported earnings of ($0.01) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 300%. The business is scheduled to announce its next earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Secureworks will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.14) to ($0.10). For the next financial year, analysts forecast that the business will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.12) to $0.07. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Secureworks.

Secureworks (NASDAQ:SCWX) last posted its earnings results on Wednesday, June 5th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. Secureworks had a negative return on equity of 1.51% and a negative net margin of 6.39%. The company had revenue of $132.80 million for the quarter, compared to analyst estimates of $132.10 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year.

Several equities analysts have issued reports on SCWX shares. TheStreet lowered Secureworks from a “c-” rating to a “d+” rating in a research note on Wednesday, August 7th. Morgan Stanley set a $14.00 target price on Secureworks and gave the company a “hold” rating in a research note on Thursday, June 6th. BidaskClub lowered Secureworks from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded Secureworks from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Barclays restated a “sell” rating and set a $13.00 price target on shares of Secureworks in a research note on Thursday, June 6th. Four investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Secureworks has an average rating of “Hold” and an average price target of $15.25.

Several hedge funds have recently modified their holdings of SCWX. BNP Paribas Arbitrage SA lifted its holdings in shares of Secureworks by 363.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,947 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,527 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Secureworks during the first quarter worth about $65,000. SG Americas Securities LLC acquired a new stake in shares of Secureworks during the first quarter worth about $137,000. Swiss National Bank acquired a new stake in shares of Secureworks during the second quarter worth about $195,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Secureworks during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 10.84% of the company’s stock.

SCWX traded down $0.33 on Wednesday, hitting $10.85. The company had a trading volume of 113,684 shares, compared to its average volume of 245,042. The company has a fifty day simple moving average of $12.34. Secureworks has a 12-month low of $10.37 and a 12-month high of $24.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market cap of $912.73 million, a PE ratio of -68.38 and a beta of 1.14.

About Secureworks

SecureWorks Corp., a cybersecurity company, provides an integrated suite of intelligence-driven information security solutions focused on protecting organizations worldwide. The company's solutions include managed security, threat intelligence, security and risk consulting, and incident response.

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