Arista Networks Inc expected to post earnings of $1.95 a share - Earnings Preview

Arista Networks

27/07/2024 24:04

* Arista Networks Inc  ANET.N   ANET.K  is expected to show
a rise
in quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Santa Clara California-based  company is expected to
report
a 13.2% increase in revenue to $1.651 billion from $1.46 billion
a year ago, according to the mean estimate from 17 analysts,
based on LSEG data.The company's guidance on May 7 2024, for the
period ended June 30, was for revenue between $1.62 billion and
$1.65 billion.
    * ​LSEG's mean analyst estimate for Arista Networks Inc is
for
earnings of $1.95 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 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Arista
Networks
Inc is $345.00​, above​ its last closing price of $319.21. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD712.8
million and USD726 million.The company's guidance on May 7 2024
for the period ended June 30 was for gross profit margin of
USD64%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.77        1.74       1.99      Beat    14.3
 Dec. 31 2024  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
 ​​Mar.        1.35        1.34       1.43      Beat    6.4
 31 2023                                                
 Jan. 1 0001   1.22        1.21       1.41      Beat    16.3​
 Sep. 30 2022  1.05        1.04       1.25      Beat    19.9
 Jun. 30 2022  0.92        0.91       1.08      Beat    18.4
 This summary was machine generated July 26 at 23:04 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)