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

Nutanix

26/11/2024 22:02

* Nutanix Inc  NTNX.OQ  reported quarterly adjusted earnings
of 42
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 29
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 31 cents per share. Wall Street
expected results to range from 28 cents to 39 cents per share.
    * Revenue rose 15.6% to $590.96 million from a year ago;
analysts
expected $571.78 million. 
    * Nutanix Inc's reported EPS for the quarter was 10 cents​.
    * The company reported quarterly net income of $29.93
million.
    * Nutanix Inc shares had risen by 22.9% this quarter and
gained 52.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 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
$75.00 
This summary was machine generated from LSEG data November 26 at
10:02 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
 Oct. 31 2024      0.31           0.42           Beat
 Jul. 31 2024      0.20           0.27           Beat
 Apr. 30 2024      0.17           0.28           Beat
 Jan. 31 2024      0.29           0.46           Beat