Citrix Systems (CTXS Free Report) is scheduled to release first-quarter 2021 results on Apr 29.

For the to-be-reported quarter, the company expects revenues between $785 million and $795 million. The Zacks Consensus Estimate for revenues is pegged at $797.04 million, which indicates a decline of 7.4% from the year-ago quarter.

Moreover, Citrix expects non-GAAP earnings in the range of $1.40-$1.45 per share. The consensus mark for first-quarter earnings has been steady at $1.42 per share in the past 30 days. The estimate suggests a decline of 17.9% compared with the prior-year reported figure.

Notably, the company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 24.28%.

Factors Likely to Have Influenced Q1 Performance

Citrix’s first-quarter performance is expected to reflect sluggish demand in its professional services business, which is likely to have limited top-line…



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