NetApp Inc <NTAP.OQ> expected to post earnings of $1.78 a share - Earnings Preview
NetApp Inc NTAP.OQ NTAP.O is expected to show a rise in quarterly revenue when it reports results on November 21 for the period ending October 31 2024
The San Jose California-based company is expected to report a 5.3% increase in revenue to $1.645 billion from $1.56 billion a year ago, according to the mean estimate from 16 analysts, based on LSEG data.The company's guidance on August 28 2024, for the period ended October 31, was for revenue between 1.57 billion and 1.72 billion. (SAL is based on Total Revenue)
LSEG's mean analyst estimate for NetApp Inc is for earnings of $1.78 per share. The company's EPS guidance on August 28 2024, for the period ended October 31, was between 1.73 and 1.83
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 15 "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 NetApp Inc is $132.00, above its last closing price of $119.34.
The company's guidance on August 28 2024 for the period ended October 31 was for Earnings before Interest and Taxes between 438.2 million and 480.2 million.The company's guidance on August 28 2024 for the period ended October 31 was for gross profit margin between 71% and 72%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jul. 31 2024 | 1.46 | 1.45 | 1.56 | Beat | 7.3 |
Apr. 30 2024 | 1.79 | 1.79 | 1.80 | Beat | 0.8 |
Jan. 31 2024 | 1.69 | 1.69 | 1.94 | Beat | 14.8 |
Oct. 31 2023 | 1.39 | 1.39 | 1.58 | Beat | 13.6 |
Jul. 31 2023 | 1.08 | 1.07 | 1.15 | Beat | 7.5 |
Apr. 30 2023 | 1.35 | 1.34 | 1.54 | Beat | 14.5 |
Jan. 31 2023 | 1.31 | 1.31 | 1.37 | Beat | 4.8 |
Oct. 31 2022 | 1.33 | 1.33 | 1.48 | Beat | 11.3 |
This summary was machine generated November 19 at 21:07 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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