Citrix Systems (CTXS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2021. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This cloud computing company is expected to post quarterly earnings of $1.42 per share in its upcoming report, which represents a year-over-year change of -17.9%.