Nutanix (NTNX) is expected to announce quarterly earnings of $0.17 per share, a 325% increase compared to the previous year. Analysts predict revenue of $516.13 million, up 15.1% year over year.
Analysts have not changed their consensus EPS estimate in the last 30 days, indicating a solid confidence in their initial assessments. It is crucial to consider any revisions in earnings projections before a company’s earnings report, as these revisions can impact investors’ perceptions and stock performance.
While investors often rely on consensus estimates to gauge a company’s performance, delving into analyst forecasts for key metrics can offer valuable insights. Wall Street analysts project various metrics for Nutanix, such as revenue breakdown by product, support services, subscription revenue, and geographic revenue across different regions.
Analysts estimate that Nutanix will hit revenue targets such as $248.48 million for product revenue, $267.67 million for support services, and $484.11 million for subscription revenue. They also predict geographic revenue for regions like Europe, Middle East, and Africa, the U.S., Other Americas, and Asia Pacific.
The collective analyst assessment suggests that annual billing by contract value (ACV billing) will be around $270.57 million. Other predicted metrics include total turnover, total end customers, and professional services billing.
Nutanix shares have experienced an 18% increase in the past month, outperforming the Zacks S&P 500 Composite. With a Zacks Rank #1 (Strong Buy), NTNX is expected to continue its strong performance in the short term.
For more information and analysis on Nutanix’s performance and projections, you can refer to Zacks Investment Research’s detailed reports and recommendations.
Article Source
https://finance.yahoo.com/news/seeking-clues-nutanix-ntnx-q3-131514413.html
