Sapiens Earnings Exceed Expectations by $0.01, Revenue Misses Estimates

Sapiens recently announced its second-quarter earnings, reporting an earnings per share (EPS) of $0.37, which exceeded the analyst estimate of $0.36 by $0.01. The company generated revenue of $136.8 million for the quarter, slightly falling short of the consensus estimate of $137.82 million.

### Guidance

Looking ahead, Sapiens projects its fiscal year 2024 revenue to be between $550 million and $555 million, compared to the analyst consensus of $553.6 million.

Sapiens’s stock closed at $38.90, marking a 26.05% increase over the past three months and a 32.95% rise over the last year. In terms of earnings projections, the company experienced one positive and one negative EPS revision in the last 90 days.

According to financial assessments, Sapiens holds a “great performance” score for its financial health.