Sapiens International Third Quarter 2024 Earnings: Misses Expectations

Sapiens International (NASDAQ:SPNS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$137.0m (up 4.8% from 3Q 2023).
• Net income: US$18.3m (up 16% from 3Q 2023).
• Profit margin: 13% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.33 (up from US$0.29 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sapiens International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 24% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Sapiens International's balance sheet.

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