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Symantec (NASDAQ:SYMC) announces its next round of earnings Wednesday. Here's Benzinga's advanced look at Symantec's Q3 earnings report.
Earnings and Revenue
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Based on management's projections, Symantec analysts model for earnings of 44 cents per share on sales of $1.27 billion.
Symantec EPS in the same period a year ago totaled 32 cents and sales were $1 billion. The current analyst consensus estimate would represent a 16.7 percent increase revenue from the year-ago period.
Symantec's reported EPS has stacked up against analyst estimates in the past like this:
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| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.43 | 0.31 | 0.28 | 0.28 |
| EPS Actual | 0.4 | 0.33 | 0.28 | 0.32 |
Q3 EPS Estimate: 44 cents per share
Q3 Revenues Estimate: $1 billion
Stock Performance
Shares of Symantec were trading at $27.07 as of Jan. 31. Over the last 52-week period, shares are down 1.02 percent. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. The average rating by analysts on Symantec stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Symantec's Q3 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.