Nutanix (NTNX) is expected to announce quarterly earnings of $0.17 per share, a 325% increase from the previous year. Analysts are predicting revenue of $516.13 million, up 15.1% year over year.
Analysts have not changed the consensus EPS estimate for the quarter in the last 30 days, indicating a stable assessment of the company’s performance. It is crucial to consider any revisions made to earnings projections before an earnings report, as this can influence investors’ perceptions and behavior towards the stock.
While investors often rely on consensus earnings and revenue estimates, looking into analyst forecasts for key metrics can provide valuable insights. Analysts predict various metrics for Nutanix, including revenue from different regions and services. For example, they estimate that revenue from products, support, and other services will increase compared to the previous year.
Overall, analysts forecast a positive outlook for Nutanix, with expectations of revenue growth and increased performance in various geographic regions. The company’s stock has seen a significant increase over the past month, outperforming the general market. With a Zacks Rank #1 (Strong Buy), NTNX is expected to continue its strong performance in the short term.
For more insights and recommendations from Zacks Investment Research, investors can download the 7 best stocks for the next 30 days. Additionally, they can access a free stock analysis report for Nutanix (NTNX) on Zacks.com.
Overall, analysts are optimistic about Nutanix’s upcoming earnings report, with expectations of revenue growth and positive performance in key metrics. Investors can leverage analyst forecasts to make informed decisions about their investments in the company.
Article Source
https://uk.finance.yahoo.com/news/seeking-clues-nutanix-ntnx-q3-131514413.html
