NetApp Inc expected to post earnings of $1.78 a share - Earnings Preview

NetApp

19/11/2024 21:07

* NetApp Inc  NTAP.OQ   NTAP.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 21 for
the period ending October 31 2024
    * The San Jose California-based  company is expected to
report a
5.3% increase in revenue to $1.645 billion from $1.56 billion a
year ago, according to the mean estimate from 16 analysts, based
on LSEG data.The company's guidance on August 28 2024, for the
period ended October 31, was for revenue between 1.57 billion
and 1.72 billion. (SAL is based on Total Revenue)
    * ​LSEG's mean analyst estimate for NetApp Inc is for
earnings of
$1.78 per share. The company's EPS guidance on August 28 2024,
for the period ended October 31, was between 1.73 and 1.83 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 15
"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 NetApp Inc
is
$132.00​, above​ its last closing price of $119.34. ​​​

The company's guidance on August 28 2024 for the period ended
October 31 was for Earnings before Interest and Taxes between
438.2 million and 480.2 million.The company's guidance on August
28 2024 for the period ended October 31 was for gross profit
margin between 71% and 72%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2024  1.46        1.45       1.56      Beat    7.3
 Apr. 30 2024  1.79        1.79       1.80      Beat    0.8
 Jan. 31 2024  1.69        1.69       1.94      Beat    14.8​
 Oct. 31 2023  1.39        1.39       1.58      Beat    13.6
 ​​Jul.        1.08        1.07       1.15      Beat    7.5
 31 2023                                                
 Apr. 30 2023  1.35        1.34       1.54      Beat    14.5​
 Jan. 31 2023  1.31        1.31       1.37      Beat    4.8
 Oct. 31 2022  1.33        1.33       1.48      Beat    11.3
 This summary was machine generated November 19 at 21:07 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)