On Wednesday, September 4, Pivotal Software PVTL will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Based on management's projections, Pivotal Software analysts modeled for a loss of 4 cents per share on sales of $186.57 million.
In the same quarter last year, Pivotal Software posted an EPS loss of 6 cents on sales of $164.41 million. Sales would be up 13.48% on a year-over-year basis. Pivotal Software's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
| EPS Estimate | -0.050 | -0.09 | -0.09 | -0.13 | |
| EPS Actual | -0.030 | -0.07 | -0.05 | -0.06 | -0.1 |
Stock Performance
Over the last 52-week period, shares of Pivotal Software have declined 46.04%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Sell rating with Pivotal Software. The strength of this rating has dwindled over the past three months.
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