NetApp (NASDAQ: NTAP) announces its next round of earnings this Wednesday, August 26. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.
Earnings and Revenue
Analysts expect NetApp earnings of $0.41 per share. Revenue will likely be around $1.15 billion, according to the consensus estimate. NetApp reported a profit of $0.65 per share when it published results during the same quarter last year. Sales in that period totaled $1.24 billion. The analyst consensus estimate would represent a 33% decline in the company's EPS figure. Sales would be down 7% from the year-ago period.
Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q4 2020 | Q3 2020 | Q2 2019 | Q1 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.15 | 1.18 | 0.94 | 0.61 |
| EPS Actual | 1.19 | 1.16 | 1.09 | 0.65 |
| Revenue Estimate | 1.43 B | 1.46 B | 1.38 B | 1.24 B |
| Revenue Actual | 1.40 B | 1.40 B | 1.37 B | 1.24 B |
Stock Performance
Over the last 52-week period, shares are down 9.21%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. NetApp is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/2k6wxz2e
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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