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Preview: Palo Alto Networks's Earnings

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Palo Alto Networks (NYSE: PANW) unveils its next round of earnings this Monday, August 24. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Sell-side analysts expect Palo Alto Networks's EPS to be near $1.39 on sales of $922.34 million. Palo Alto Networks reported a profit of $1.47 per share when it published results during the same quarter last year. Sales in that period totaled $805.80 million. If the company were to match the consensus estimate, earnings per share would be down 5.44%. Revenue would be up 11.19% from the year-ago period. Here's how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2019 Q4 2019
EPS Estimate 0.93 1.12 1.03 1.42
EPS Actual 1.17 1.19 1.05 1.47
Revenue Estimate 829.48 M 843.26 M 767.77 M 802.16 M
Revenue Actual 869.40 M 816.70 M 771.90 M 805.80 M

Stock Performance

Over the last 52-week period, shares are up 34.62%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Palo Alto Networks is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://paloaltonetworks.zoom.us/webinar/register/WN_fRgjZ7Y0R6eb4fuRElahUA

 

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