Arista Networks Inc expected to post earnings of 57 cents a share - Earnings Preview

Arista Networks

14/02/2025 21:23

* Arista Networks Inc  ANET.N   ANET.K  is expected to show
a rise
in quarterly revenue when it reports  results on February 18 for
the period ending December 31 2024
    * The Santa Clara California-based  company is expected to
report
a 23.6% increase in revenue to $1.904 billion from $1.54 billion
a year ago, according to the mean estimate from 16 analysts,
based on LSEG data.The company's guidance on November 7 2024,
for the period ended December 31, was for revenue between $1.85
billion and $1.90 billion.
    * ​LSEG's mean analyst estimate for Arista Networks Inc is
for
earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "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 $115.00​, above​ its last closing price of $109.75. ​​​

The company's guidance on November 7 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD814 million and USD836 million.The company's guidance on
November 7 2024 for the period ended December 31 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  
 Sep. 30 2024  0.53        0.52       0.60      Beat    15.2
 Jun. 30 2024  0.49        0.49       0.53      Beat    7.9
 Mar. 31 2024  0.44        0.44       0.50      Beat    14.3​
 Dec. 31 2023  0.43        0.43       0.52      Beat    22.1
 ​​Sep.        0.40        0.40       0.46      Beat    15.8
 30 2023                                                
 Jun. 30 2023  0.36        0.36       0.40      Beat    9.9​
 Mar. 31 2023  0.34        0.34       0.36      Beat    6.4
 Dec. 31 2022  0.30        0.30       0.35      Beat    16.3
 This summary was machine generated February 14 at 21:23 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)