Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the software peer group is "buy"
- Wall Street's median 12-month price target for Open Text Corporation is C$54.00, about 50.2% above its August 5 closing price of C$35.96
- The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago
Quarterly results beat estimates
- Canada data management firm's Q4 revenue rose 2.9% yr/yr, beating analyst expectations
- Adjusted EPS for Q4 beat analyst expectations
- Company renewed share repurchase plan, authorizing buybacks up to 10% of public float
| | | |
|---|
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q4 Revenue | Beat | $1.35 bln | $1.32 bln (6 Analysts) |
| Q4 Adjusted EPS | Beat | $1.23 | $1.05 (7 Analysts) |
| Q4 EPS | | $0.64 | |
| Q4 Net Income | | $156 mln | |
| Q4 Adjusted EBITDA | | $507 mln | |
| Q4 Annual Recurring Revenue | | $1.06 bln | |
| Q4 Cloud Revenue | | $503 mln | |
Fiscal 2027 outlook and priorities
OTEX•
