Nutanix Inc expected to post earnings of 17 cents a share - Earnings Preview

Nutanix

27/05/2024 22:19

* Nutanix Inc  NTNX.OQ   NTNX.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 29 for the
period ending April 30 2024
    * The San Jose California-based  company is expected to
report a
15.1% increase in revenue to $516.183 million from $448.58
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on February
28 2024, for the period ended April 30, was for revenue between
$510.00 million and $520.00 million.
    * ​LSEG's mean analyst estimate for Nutanix Inc is for
earnings of
17 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 3
"hold" and no "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 Nutanix Inc
is
$72.00​, below​ its last closing price of $72.85. ​​​

The company's guidance on February 28 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between
USD38.25 million and USD44.2 million.The company's guidance on
February 28 2024 for the period ended April 30 was for gross
profit margin of USD85%.
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  0.30        0.29       0.46      Beat    57.2
 Oct. 31 2024  0.18        0.17       0.29      Beat    66.3
 Jul. 31 2023  0.16        0.16       0.24      Beat    51.2​
 Apr. 30 2023  0.05        0.03       0.04      Beat    41.4
 ​​Jan.        0.11        0.11       0.24      Beat    110
 1 0001                                                 
 Oct. 31 2022  -0.12       -0.12      0.03      Beat    125​
 Jul. 31 2022  -0.35       -0.38      -0.17     Beat    55.3
 Apr. 30 2022  -0.21       -0.22      -0.05     Beat    76.9
 This summary was machine generated May 27 at 21:19 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)