Analysts Are More Bearish On SolarWinds Corporation (NYSE:SWI) Than They Used To Be
SWI
-1.07%
Simply Wall St
Mon., August 9, 2021, 1:38 a.m.·3 min read
In this article:
SWI
-1.07%
The latest analyst coverage could presage a bad day for SolarWinds Corporation (NYSE:SWI), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.
Following the downgrade, the consensus from eight analysts covering SolarWinds is for revenues of US$810m in 2021, implying a concerning 22% decline in sales compared to the last 12 months. Following this this downgrade, earnings are now expected to tip over into loss-making territory, with the analysts forecasting losses of US$0.11 per share in 2021. Yet before this consensus update, the analysts had been forecasting revenues of US$1.1b and losses of US$0.034 per share in 2021. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.
Analysts Are More Bearish On SolarWinds Corporation (NYSE:SWI) Than They Used To Be
SWI
-1.07%
Simply Wall St
Mon., August 9, 2021, 1:38 a.m.·3 min read
In this article:
SWI
-1.07%
The latest analyst coverage could presage a bad day for SolarWinds Corporation (NYSE:SWI), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.
Following the downgrade, the consensus from eight analysts covering SolarWinds is for revenues of US$810m in 2021, implying a concerning 22% decline in sales compared to the last 12 months. Following this this downgrade, earnings are now expected to tip over into loss-making territory, with the analysts forecasting losses of US$0.11 per share in 2021. Yet before this consensus update, the analysts had been forecasting revenues of US$1.1b and losses of US$0.034 per share in 2021. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.
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