Nutanix is expected to release its next quarterly earnings report, with analysts predicting earnings of $0.17 per share, representing a 325% increase from the previous year. Revenue is forecasted to be $516.13 million, up 15.1% year-over-year.
Analysts’ consensus estimates for the quarter have remained unchanged over the past 30 days, indicating stability in their predictions. This is important information for investors to consider as revisions to earnings projections can impact stock performance.
While investors typically focus on consensus earnings and revenue estimates, examining analyst forecasts for key metrics can provide valuable insights. Analysts predict various metrics for Nutanix, including revenue breakdowns, geographic revenue, annual billing, and total end customers.
As per analysts, revenue from product sales is expected to reach $248.48 million, representing a 16.9% increase year-over-year. Revenue from support, rights, and other services is projected to be $267.67 million, up 13.4% from the previous year.
Geographically, analysts forecast revenue from Europe, the Middle East, and Africa to be $124.37 million, with a slight increase of 0.1% from the previous year. Revenue from the U.S. is estimated at $288.78 million, showing a 23.5% increase year-over-year.
Other metrics include revenue breakdowns for subscription revenue and non-portable software revenue, as well as annual billing by contract value and total turnover. Analysts also predict the total number of end customers to increase to 25,839 from 24,050 in the previous year.
Nutanix shares have experienced an 18% growth over the past month, outperforming the Zacks S&P 500 Composite index. With a Zacks Rank #1 (Strong Buy), NTNX is expected to continue to outperform the market in the short term.
For the latest recommendations from Zacks Investment Research and to access the complete list of Zacks Rank #1 (Strong Buy) stocks, investors can download the 7 best stocks for the next 30 days from the Zacks website. Additionally, readers can find more information on Nutanix’s earnings projections and Wall Street analysis on Zacks.com.
In conclusion, the upcoming earnings report from Nutanix is highly anticipated, with analysts forecasting significant growth in earnings and revenue. Investors are advised to closely monitor these key metrics and analyst forecasts to make informed decisions regarding their investments in Nutanix.
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