Nutanix Inc reports results for the quarter ended in April - Earnings Summary

Nutanix

29/05/2024 22:01

* Nutanix Inc  NTNX.OQ  reported quarterly adjusted earnings
of 28
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 13 cents to 20 cents per share.
    * Revenue rose 16.9% to $524.58 million from a year ago;
analysts
expected $516.18 million. 
    * Nutanix Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $15.62 million.
    * Nutanix Inc shares had risen by 16.3% this quarter and
gained 50.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Nutanix Inc is
$72.00 
This summary was machine generated from LSEG data May 29 at
09:01 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
 Apr. 30 2024      0.17           0.28           Beat
 Jan. 31 2024      0.29           0.46           Beat
 Oct. 31 2023      0.17           0.29           Beat
 Jul. 31 2023      0.16           0.24           Beat