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

Wall Street brokerages expect Secureworks Corp (NASDAQ:SCWX) to announce earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Secureworks’ earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.04). Secureworks reported earnings per share of ($0.01) during the same quarter last year, which would suggest a negative year-over-year growth rate of 300%. The company is scheduled to issue its next quarterly earnings results on Wednesday, September 4th.

On average, analysts expect that Secureworks will report full year earnings of ($0.12) per share for the current year, with EPS estimates ranging from ($0.14) to ($0.10). For the next financial year, analysts forecast that the company will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.12) to $0.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Secureworks.

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

SCWX has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Secureworks from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. BidaskClub downgraded shares of Secureworks from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. TheStreet upgraded shares of Secureworks from a “d+” rating to a “c-” rating in a research note on Monday, April 22nd. Finally, ValuEngine downgraded shares of Secureworks from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Four research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Secureworks currently has a consensus rating of “Hold” and a consensus target price of $15.25.

Shares of SCWX traded down $0.06 during mid-day trading on Friday, hitting $13.29. 182,898 shares of the company’s stock were exchanged, compared to its average volume of 348,065. Secureworks has a fifty-two week low of $10.58 and a fifty-two week high of $24.91. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -83.06 and a beta of 1.40. The company has a 50 day simple moving average of $15.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.09 and a quick ratio of 1.08.

A number of large investors have recently made changes to their positions in SCWX. JPMorgan Chase & Co. lifted its position in Secureworks by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 141,359 shares of the technology company’s stock valued at $2,071,000 after purchasing an additional 12,233 shares during the period. Vanguard Group Inc. lifted its position in Secureworks by 2.1% in the third quarter. Vanguard Group Inc. now owns 765,568 shares of the technology company’s stock valued at $11,216,000 after purchasing an additional 15,442 shares during the period. Rhumbline Advisers lifted its position in Secureworks by 35.3% in the fourth quarter. Rhumbline Advisers now owns 15,481 shares of the technology company’s stock valued at $261,000 after purchasing an additional 4,042 shares during the period. Acadian Asset Management LLC lifted its position in Secureworks by 59.7% in the fourth quarter. Acadian Asset Management LLC now owns 5,771 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,157 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Secureworks by 138.6% in the fourth quarter. New York State Common Retirement Fund now owns 10,500 shares of the technology company’s stock valued at $177,000 after purchasing an additional 6,100 shares during the period. Hedge funds and other institutional investors own 10.82% of the company’s stock.

Secureworks Company Profile

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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