Nutanix (NTNX) closed at $59.60 in the latest trading session, experiencing a slight decrease of -0.83% from the previous day. This performance was lower than the S&P 500’s daily gain of 0.1%, while the Dow lost 0.08% and the Nasdaq gained 0.28%. Over the past month, Nutanix’s stock has increased by 14.76%, surpassing the Computer and Technology sector’s gain of 8.41% and the S&P 500’s gain of 4.08%.
Investors are eagerly awaiting Nutanix’s upcoming earnings report, with expectations set at an EPS of $0.19, a 20.83% decrease from the previous year. Revenue is forecasted to reach $536.81 million, an 8.62% rise from the same quarter last year. For the entire fiscal year, earnings are projected to be $1.22 per share with revenue of $2.14 billion, representing increases of 103.33% and 14.75%, respectively.
Analyst estimates have been evolving, indicating changing business trends. Positive revisions show optimism about the company’s performance. The Zacks Rank, with a ranking from #1 (Strong Buy) to #5 (Strong Sell), considers these changes to provide an actionable rating for investors. Nutanix currently holds a Zacks Rank of #3 (Hold).
In terms of valuation, Nutanix is trading at a Forward P/E ratio of 49.39, a premium compared to the industry average of 27.11. The PEG ratio, which accounts for projected earnings growth, is at 1.22, lower than the industry average of 3.05.
The Computers – IT Services industry, to which Nutanix belongs, is part of the Computer and Technology sector with a Zacks Industry Rank of 65, placing it in the top 26% of all industries. Industries with higher Zacks Industry Ranks tend to outperform those with lower ranks.
Investors can stay informed about these stock metrics by utilizing Zacks.com. Stay updated on Nutanix’s performance and other relevant information for upcoming trading sessions. Download the 7 Best Stocks for the Next 30 Days from Zacks Investment Research for the latest recommendations.
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