VMware (NYSE: VMW) publishes earnings forecast for fiscal year 2022

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VMware (NYSE: VMW) updated its earnings forecast for fiscal year 2022 on Thursday. The company put an EPS forecast of $ 6,900 to $ 6,900 for the period, compared to Thomson Reuters’ consensus EPS estimate of $ 6,950. The company issued a revenue forecast of $ 12.80 billion to $ 12.80 billion, compared to its consensus revenue estimate of $ 12.83 billion. VMware also updated its guidance for the third quarter of 2022 to $ 1,530-1,530 EPS.

A number of equity research analysts have rated the company. Morgan Stanley raised its target price on VMware from $ 156.00 to $ 160.00 and rated the company as an equivalent in a report dated Friday, May 28th. Stifel Nicolaus raised his target price for VMware from 175.00 US dollars to 185.00 US dollars and gave the stock a buy rating in a research note on Friday, August 27th. BMO Capital Markets raised its target price on VMware from $ 150.00 to $ 175.00 and the stock on Friday the 28th. They discovered that the move was a call for valuation. City group …

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