Site icon VMVirtualMachine.com

Citrix Systems Reports Strong Q3 Earnings and Revenues Exceeding Estimates

Citrix Systems Reports Strong Q3 Earnings and Revenues Exceeding Estimates



Citrix Systems recently reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.24 per share and showing an increase from $1.40 per share a year ago. The company has surpassed consensus EPS estimates three times in the last four quarters. Revenues for the quarter ended September 2019 also beat estimates, coming in at $732.90 million compared to $732.48 million from the prior year. Citrix shares have gained 1.2% since the beginning of the year, underperforming the S&P 500.

Moving forward, investors are looking to the company’s earnings outlook to determine the stock’s future performance. The Zacks Rank currently rates Citrix as a Hold, indicating expected performance in line with the market. Analysts will be watching for any changes in earnings estimates for upcoming quarters and the current fiscal year. The current consensus EPS estimates are $1.75 for the next quarter and $5.48 for the fiscal year on revenues of $807.85 million and $2.99 billion respectively.

Industry outlook also plays a significant role in stock performance, with the Computer – Software industry currently ranking in the top 39% of Zacks industries. Research has shown that top-ranked industries tend to outperform the lower-ranked ones. Investors can stay informed by downloading the latest recommendations from Zacks Investment Research to make informed decisions moving forward.

Article Source
https://uk.movies.yahoo.com/finance/news/citrix-systems-ctxs-q3-earnings-122512764.html

Exit mobile version