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

Nutanix

29/11/2023 22:51

* Nutanix Inc  NTNX.OQ  reported quarterly adjusted earnings
of 29
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of 3
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 14 cents to 24 cents per share.
    * Revenue rose 17.9% to $511.05 million from a year ago;
analysts
expected $501.32 million. 
    * Nutanix Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $15.85 million.
    * Nutanix Inc shares had risen by 16.1% this quarter and
gained 55.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.2%
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 12 "strong buy" or "buy," 5
"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
$45.00 
This summary was machine generated from LSEG data November 29 at
10:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.17           0.29           Beat
 Jul. 31 2023      0.16           0.24           Beat
 Apr. 30 2023      0.03           0.04           Beat
 Jan. 31 2023      0.11           0.24           Beat