VMware (VMW) closed at $107.94 in the last trading session, a move of +0.85% on the previous day. The stock beat the S&P 500’s 0.21% gain on the day. Meanwhile, the Dow gained 0.19% and the Nasdaq, a tech-heavy index, gained 0.02%.
As of today, shares of the cloud computing company were down 10.23% over the past month, beating the computer and technology sector’s 13.55% loss and the S&P 500’s 8.08% loss in left behind this time.
Wall Street will be looking for positive momentum from VMware as the next earnings report date approaches. On the day, VMware is expected to report earnings of $1.57 per share, down 10.8% year over year. Our most recent consensus estimate is for quarterly sales of $3.19 billion, up 6.42% from the prior-year period.
For the full year, our Zacks Consensus estimates are calling for earnings per share of $7.03 and sales of $13.74 billion, a change of -3.03% and +6.95%, respectively, from . ..