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On Thursday, May 9, Symantec (NASDAQ:SYMC) will release its latest earnings report. Benzinga's outlook for Symantec is included in the following report.
Earnings and Revenue
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Wall Street analysts see Symantec reporting earnings of 39 cents per share on revenue of $1.21 billion.
The company saw a bottom-line number of 46 cents on revenue of $1.23 billion during the same period last year. The Wall Street consensus estimate for earnings would represent a 15.22 percent decrease for the company. Sales would have fallen 1.94 percent from the same quarter last year. Here's how the Symantec's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 0.39 | 0.33 | 0.33 | 0.39 |
| EPS Actual | 0.44 | 0.42 | 0.33 | 0.46 |
Stock Performance
Shares of Symantec were trading at $22.26 as of May 8. Over the last 52-week period, shares are down 21.73 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The most common rating by analysts on Symantec stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Symantec's 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.