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

Nutanix

29/02/2024 05:09

* Nutanix Inc  NTNX.OQ  reported quarterly adjusted earnings
of 46
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 24
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 29 cents per share. Wall Street
expected results to range from 25 cents to 37 cents per share.
    * Revenue rose 16.2% to $565.23 million from a year ago;
analysts
expected $551.34 million. 
    * Nutanix Inc's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $32.8
million.
    * Nutanix Inc shares had risen by 23.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 14 "strong buy" or "buy," 4
"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
$60.00 
This summary was machine generated from LSEG data February 29 at
05:08 a.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
 Jan. 31 2024      0.29           0.46           Beat
 Oct. 31 2023      0.17           0.29           Beat
 Jul. 31 2023      0.16           0.24           Beat
 Apr. 30 2023      0.03           0.04           Beat