Nutanix is expected to report earnings of $0.17 per share, a significant increase of 325% from the previous year, with analysts predicting revenue of $516.13 million, a 15.1% increase year over year. Despite remaining unchanged over the last 30 days, the consensus EPS estimate for the quarter is an important factor to consider before the earnings release.
Earnings estimate revisions are crucial indicators of potential investor behavior and can impact the stock’s price performance. While consensus earnings and revenue estimates are commonly used to assess a company’s performance, exploring analyst forecasts for key metrics can provide valuable insights.
Analysts expect revenue from different categories such as product, support services, and subscriptions to increase compared to the previous year, while non-portable software revenue is projected to decrease. Geographic revenue estimates indicate varying growth rates across regions, with the U.S. market expected to show the highest growth.
Additionally, analysts predict increases in annual billing by contract value, professional services billing, and total turnover, as well as an increase in total end customers. Nutanix shares have recently seen a significant move, outperforming the general market. With a Zacks Rank #1 (Strong Buy), the company is expected to continue its strong performance in the short term.
For more information on Nutanix’s key metrics and the latest recommendations from Zacks Investment Research, readers can access the full report on the company’s performance.
Article Source
https://ca.finance.yahoo.com/news/seeking-clues-nutanix-ntnx-q3-131514413.html
