NetApp Inc reports results for the quarter ended October 31 - Earnings Summary
NetApp Inc NTAP.OQ reported quarterly adjusted earnings of $1.87 per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of $1.58. The mean expectation of eighteen analysts for the quarter was for earnings of $1.78 per share. Wall Street expected results to range from $1.73 to $1.80 per share.
Revenue rose 6.1% to $1.66 billion from a year ago; analysts expected $1.64 billion.
NetApp Inc's reported EPS for the quarter was $1.42.
The company reported quarterly net income of $299 million.
NetApp Inc shares had fallen by 0.0% this quarter and gained 40.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.7% 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 "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 15 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the computer hardware peer group is also "hold"
Wall Street's median 12-month price target for NetApp Inc is $132.00
This summary was machine generated from LSEG data November 21 at 10:00 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 | 1.78 | 1.87 | Beat |
Jul. 31 2024 | 1.45 | 1.56 | Beat |
Apr. 30 2024 | 1.79 | 1.80 | Beat |
Jan. 31 2024 | 1.69 | 1.94 | Beat |
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