Brokerages Anticipate Check Point Software Technologies Ltd. (NASDAQ:CHKP) Will Announce Earnings of $1.54 Per Share

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Wall Street brokerages expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to post earnings per share of $1.54 for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Check Point Software Technologies’ earnings, with the highest EPS estimate coming in at $1.56 and the lowest estimate coming in at $1.52. Check Point Software Technologies also reported earnings of $1.54 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report on Monday, April 25th.

According to Zacks, analysts expect that Check Point Software Technologies will report full year earnings of $7.25 per share for the current financial year, with EPS estimates ranging from $7.12 to $7.37. For the next financial year, analysts anticipate that the company will post earnings of $7.86 per share, with EPS estimates ranging from $7.24 to $8.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, February 3rd. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.11. The company had revenue of $599.10 million during the quarter, compared to the consensus estimate of $586.42 million. Check Point Software Technologies had a net margin of 37.64% and a return on equity of 25.28%. Check Point Software Technologies’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share.

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Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Sunday. Citigroup assumed coverage on shares of Check…

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