Arista Networks Inc expected to post earnings of $1.75 a share - Earnings Preview

Arista Networks

04/05/2024 01:34

* Arista Networks Inc  ANET.N   ANET.K  is expected to show
a rise
in quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Santa Clara California-based  company is expected to
report
a 14.8% increase in revenue to $1.552 billion from $1.35 billion
a year ago, according to the mean estimate from 19 analysts,
based on LSEG data.The company's guidance on February 12 2024,
for the period ended March 31, was for revenue between $1.52
billion and $1.56 billion.
    * ​LSEG's mean analyst estimate for Arista Networks Inc is
for
earnings of $1.75 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 19 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Arista
Networks
Inc is $306.00​, above​ its last closing price of $274.40. ​​​

The company's guidance on February 12 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD638.4 million and USD655.2 million.The company's guidance on
February 12 2024 for the period ended March 31 was for gross
profit margin of USD62%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.71        1.70       2.08      Beat    22.1
 Sep. 30 2023  1.59        1.58       1.83      Beat    15.8
 Jun. 30 2023  1.45        1.44       1.58      Beat    9.9​
 Jan. 1 0001   1.35        1.34       1.43      Beat    6.4
 ​​Dec.        1.22        1.21       1.41      Beat    16.3
 31 2022                                                
 Jan. 1 0001   1.05        1.04       1.25      Beat    19.9​
 Jun. 30 2022  0.92        0.91       1.08      Beat    18.4
 Mar. 31 2022  0.82        0.81       0.84      Beat    3.8
 This summary was machine generated May 4 at 00:34 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)