Arista Networks Inc <ANET.N> expected to post earnings of $2.08 a share - Earnings Preview
Arista Networks Inc ANET.N, ANET.K is expected to show a rise in quarterly revenue when it reports results on November 7 for the period ending January 1 0001
The Santa Clara California-based company is expected to report a 15.5% increase in revenue to $1.743 billion from $1.51 billion a year ago, according to the mean estimate from 12 analysts, based on LSEG data.The company's guidance on July 30 2024, for the period ended September 30, was for revenue between $1.72 billion and $1.75 billion.
LSEG's mean analyst estimate for Arista Networks Inc is for earnings of $2.08 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Arista Networks Inc is $375.00, below its last closing price of $405.12.
The company's guidance on July 30 2024 for the period ended September 30 was for Earnings before Interest and Taxes between USD756.8 million and USD770 million.The company's guidance on August 5 2024 for the period ended September 30 was for gross profit margin between USD63% and USD64%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 1.98 | 1.95 | 2.10 | Beat | 7.9 |
Mar. 31 2024 | 1.77 | 1.74 | 1.99 | Beat | 14.3 |
Dec. 31 2023 | 1.71 | 1.70 | 2.08 | Beat | 22.1 |
Sep. 30 2023 | 1.59 | 1.58 | 1.83 | Beat | 15.8 |
Jun. 30 2023 | 1.45 | 1.44 | 1.58 | Beat | 9.9 |
Mar. 31 2023 | 1.35 | 1.34 | 1.43 | Beat | 6.4 |
Dec. 31 2022 | 1.22 | 1.21 | 1.41 | Beat | 16.3 |
Jan. 1 0001 | 1.05 | 1.04 | 1.25 | Beat | 19.9 |
This summary was machine generated November 6 at 05:27 GMT. 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)
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