Nutanix (NTNX) is set to announce its second-quarter fiscal 2022 results on Mar 2, with revenue expected to be between $400-$410 million. Analysts estimate revenues to hit $407.9 million, representing a 17.8% growth from the previous year. The projected loss per share is 21 cents, showing a significant improvement from a year ago. Nutanix has consistently surpassed earnings estimates in the last four quarters, with an average surprise of 27.2%.
The company’s performance in the second quarter is likely to have been driven by growth in hyper-converged solutions and automation services, along with the increasing adoption of cloud solutions. Annual Contract Value billings are expected to grow between 23-26% year-over-year, and emerging products ACV bookings are also anticipated to see significant growth. Nutanix expects non-GAAP gross margin to be around 82-82.5% and operating expenses to range from $360 million to $365 million.
Nutanix’s partnership with Red Hat and focus on expanding its customer base, along with strategies to enhance go-to-market productivity, are expected to have a positive impact on the second-quarter results. The ongoing transition to a subscription-based business model might have posed challenges to the top line. Although the company’s outlook for this quarter appears positive, our model does not conclusively predict an earnings beat for Nutanix this season.
On the other hand, companies like Pangaea Logistics Solutions (PANL), Oxford Industries (OXM), and Designer Brands (DBI) have favorable combinations that could lead to an earnings beat in their upcoming releases. Pangaea Logistics is set to report fourth-quarter 2021 results on Mar 21, with an estimated earnings growth of 200%. Oxford Industries will announce fourth-quarter fiscal 2022 results on Mar 24, with an expected earnings growth of 953.9%. Designer Brands is scheduled to report fourth-quarter fiscal 2022 results on Mar 15, with projected earnings growth of 126.4%.
Keep an eye on upcoming earnings announcements with the Zacks Earnings Calendar for further updates. For more stock recommendations from Zacks Investment Research, download the 7 Best Stocks for the Next 30 Days today.
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