Today SUSE SA (DE:SUSE) reported an earnings miss for its 3rd quarter, ending 7/31/2022. Earnings per share were -EUR0.07.
Revenue came in at EUR162.9 million. That represents growth of 12.66% compared to the previous quarter, and growth of 32.06% compared to the same period last year.
Often, earnings announcements affect a stock’s price. There is more information that one can find on the company’s reports that can affect price changes for DE:SUSE stock.
You can also follow-up on more upcoming earnings releases expected this week and next week on our calendar.What to Expect from SUSE SA Stock
According to TipRanks, the average analyst consensus on DE:SUSE stock is a Moderate Buy. This consensus is based on 5 analyst ratings made in the past 3 months. SUSE SA’s average price target of EUR26.20 implies upside potential of 81.31% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings miss can signify negative movement ahead for a stock’s price. Currently, DE:SUSE price is EUR14.45, indicating a 5-day drop of -23.63%.
About SUSE SA
SUSE SA is a software company that offers solutions to Automotive Telecom, Banking and Financial Services, Healthcare, Manufacturing, Retail, and Technology & Software industries. The services of the company include Consulting services, Blended Services, and Training & Certification..
Learn more about DE:SUSE financials here
