NetApp Inc reports results for the quarter ended October 31 - Earnings Summary

NetApp

21/11/2024 22:01

* NetApp Inc  NTAP.OQ  reported quarterly adjusted earnings
of
$1.87​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of
$1.58.  The mean expectation of eighteen analysts for the
quarter was for earnings of $1.78 per share. Wall Street
expected results to range from $1.73  to $1.80 per share.
    * Revenue rose 6.1% to $1.66 billion from a year ago;
analysts
expected $1.64 billion. 
    * NetApp Inc's reported EPS for the quarter was $1.42​.
    * The company reported quarterly net income of $299 million.
    * NetApp Inc shares had fallen by 0.0% this quarter and
gained 40.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the computer
hardware
peer group is also "hold"

Wall Street's median 12-month price target for NetApp Inc is
$132.00 
This summary was machine generated from LSEG data November 21 at
10:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      1.78           1.87           Beat
 Jul. 31 2024      1.45           1.56           Beat
 Apr. 30 2024      1.79           1.80           Beat
 Jan. 31 2024      1.69           1.94           Beat