Red Hat Earnings: A Preview

On Wednesday, Sept. 19, Red Hat Inc RHT will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings And Revenue

Wall Street expects EPS of 82 cents and sales around $829 million.

Red Hat EPS in the same period a year ago totaled 77 cents. Revenue was $723 million. The current analyst consensus estimate would represent a 6.49-percent increase in the company's EPS figure. Sales would be up 14.65 percent from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:

Stock Performance

At last check, shares of Red Hat were trading at $142.71. Over the last 52-week period, shares of Red Hat are up 33 percent. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Red Hat stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days. 

Conference Call

Red Hat's conference call is scheduled for 5 p.m. ET and it can be accessed here: https://services.choruscall.com/links/rht1809199WrOEfBJ.html