Nutanix Inc reports results for the quarter ended in July 31 - Earnings Summary

Nutanix

28/08/2024 22:01

* Nutanix Inc  NTNX.OQ  reported quarterly adjusted earnings
of 27
cents​​ per share for the quarter ended July 31, 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 20 cents per share. Wall Street
expected results to range from 16 cents to 25 cents per share.
    * Revenue rose 10.9% to $547.95 million from a year ago;
analysts
expected $536.94 million. 
    * Nutanix Inc's reported EPS for the quarter was a loss
of 51
cents​.
    * The company reported a quarterly loss of $126.1 million.
    * Nutanix Inc shares had fallen by 6.4% this quarter and
gained 11.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.4%
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 "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
71.00 
This summary was machine generated from LSEG data August 28 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
 Jul. 31 2024      0.20           0.27           Beat
 Apr. 30 2024      0.17           0.28           Beat
 Jan. 31 2024      0.29           0.46           Beat
 Oct. 31 2023      0.17           0.29           Beat