Nutanix Inc expected to post earnings of 29 cents a share - Earnings Preview

Nutanix

26/02/2024 22:52

* Nutanix Inc  NTNX.OQ   NTNX.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 28 for
the period ending January 31 2024
    * The San Jose California-based  company is expected to
report a
13.3% increase in revenue to $551.344 million from $486.5
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on November
29 2023, for the period ended January 31, was for revenue
between $545.00 million and $555.00 million.
    * ​LSEG's mean analyst estimate for Nutanix Inc is for
earnings of
29 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 4
"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
$54.50​, below​ its last closing price of $58.76. ​​​

The company's guidance on November 29 2023 for the period ended
January 31 was for Earnings before Interest and Taxes between
USD76.3 million and USD88.8 million.The company's guidance on
November 29 2023 for the period ended January 31 was for gross
profit margin between USD85% and USD86%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Oct. 31 2023  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. 31 2023  0.11        0.11       0.24      Beat    110
 ​​Oct.        -0.12       -0.12      0.03      Beat    125
 31 2022                                                
 Jul. 31 2022  -0.35       -0.38      -0.17     Beat    55.3​
 Apr. 30 2022  -0.21       -0.22      -0.05     Beat    76.9
 Jan. 31 2022  -0.17       -0.19      -0.03     Beat    84.2
 This summary was machine generated February 26 at 22:52 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)