Market Overview

Earnings Outlook For Citrix Systems

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Citrix Systems (NASDAQ: CTXS) announces its next round of earnings this Thursday, October 22. Here is Benzinga's everything-that-matters guide for this Thursday's Q3 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings, also known as net income, is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Citrix Systems EPS is expected to be around $1.24, according to sell-side analysts. Sales will likely be near $758.69 million. In the same quarter last year, Citrix Systems announced EPS of $1.52 on revenue of $732.90 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 18.42% decline in the company's EPS figure. Revenue would be up 3.52% on a year-over-year basis. Citrix Systems's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.23 1.17 1.68 1.25
EPS Actual 1.53 1.73 1.71 1.52
Revenue Estimate 768.82 M 733.57 M 802.03 M 715.31 M
Revenue Actual 798.93 M 860.95 M 809.82 M 732.90 M

Stock Performance

Shares of Citrix Systems were trading at $136.72 as of October 20. Over the last 52-week period, shares are up 27.47%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

 

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