NetApp Inc expected to post earnings of $1.79 a share - Earnings Preview

NetApp

28/05/2024 21:02

* NetApp Inc  NTAP.OQ   NTAP.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 30 for the
period ending January 1 0001
    * The San Jose California-based  company is expected to
report a
4.7% increase in revenue to $1.655 billion from $1.58 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data.The company's guidance on February 29 2024, for the
period ended April 30, was for revenue between 1.59 billion and
1.74 billion. (SAL is based on Total Revenue)
    * ​LSEG's mean analyst estimate for NetApp Inc is for
earnings of
$1.79 per share. The company's EPS guidance on February 29 2024,
for the period ended April 30, was between 1.73 and 1.83 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 14
"hold" and 2 "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
$105.00​, below​ its last closing price of $115.67. ​​​

The company's guidance on February 29 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between
427.95 million and 485.8 million.The company's guidance on
February 29 2024 for the period ended April 30 was for gross
profit margin of 71%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  1.69        1.69       1.94      Beat    14.8
 Oct. 31 2024  1.39        1.39       1.58      Beat    13.6
 Jul. 31 2023  1.08        1.07       1.15      Beat    7.5​
 Jan. 1 0001   1.35        1.34       1.54      Beat    14.5
 ​​Jan.        1.31        1.31       1.37      Beat    4.8
 1 0001                                                 
 Jan. 1 0001   1.33        1.33       1.48      Beat    11.3​
 Jul. 31 2022  1.10        1.10       1.20      Beat    9.3
 Apr. 30 2022  1.28        1.28       1.42      Beat    11.3
 This summary was machine generated May 28 at 20:02 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)