Arista Networks Inc expected to post earnings of $2.08 a share - Earnings Preview

Arista Networks

06/11/2024 05:27

* Arista Networks Inc  ANET.N   ANET.K  is expected to show
a rise
in quarterly revenue when it reports  results on November 7 for
the period ending January 1 0001
    * The Santa Clara California-based  company is expected to
report
a 15.5% increase in revenue to $1.743 billion from $1.51 billion
a year ago, according to the mean estimate from 12 analysts,
based on LSEG data.The company's guidance on July 30 2024, for
the period ended September 30, was for revenue between $1.72
billion and $1.75 billion.
    * ​LSEG's mean analyst estimate for Arista Networks Inc is
for
earnings of $2.08 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 19 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Arista
Networks
Inc is $375.00​, below​ its last closing price of $405.12. ​​​

The company's guidance on July 30 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD756.8 million and USD770 million.The company's guidance on
August 5 2024 for the period ended September 30 was for gross
profit margin between USD63% and 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  
 Jun. 30 2024  1.98        1.95       2.10      Beat    7.9
 Mar. 31 2024  1.77        1.74       1.99      Beat    14.3
 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.        1.45        1.44       1.58      Beat    9.9
 30 2023                                                
 Mar. 31 2023  1.35        1.34       1.43      Beat    6.4​
 Dec. 31 2022  1.22        1.21       1.41      Beat    16.3
 Jan. 1 0001   1.05        1.04       1.25      Beat    19.9
 This summary was machine generated November 6 at 05:27 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)