What Analysts Expect from NetApp in Fiscal 4Q17
NetApp’s fiscal 4Q17 earnings
US-based (SPY) technology company NetApp (NTAP) will announce its fiscal 4Q17 results on May 24, 2017. Analysts predict the company will post revenue of $1.44 billion, with a low estimate of $1.4 billion and a high estimate of $1.49 billion.
If NetApp meets the revenue expectations in fiscal 4Q17, it will mean a rise of 4.3% YoY (year-over-year). The company’s EPS (earnings per share) are expected to be $0.82 with a high estimate of $0.85 and a low estimate of $0.79.
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NetApp beat analysts’ consensus EPS estimate by 10.8% in fiscal 3Q17 when the company announced EPS of $0.82. It also beat analysts’ EPS estimates in fiscal 1Q17 and fiscal 2Q17 by 27.8% and 11.1%, respectively.
NetApp has a market cap of $11 billion. In comparison, Dell Technologies (DVMT), Pure Storage (PSTG), and International Business Machines (IBM) have market caps of $13.7 billion, $2.4 billion, and $144.0 billion, respectively.
How did NetApp perform in fiscal 3Q17?
NetApp reported revenue of $1.4 billion in fiscal 3Q17, a rise of 1.3% YoY. Non-GAAP (generally accepted accounting principles) EPS were $0.82, a rise of 17.8% YoY in fiscal 3Q17. Analysts estimated NetApp would post revenue of $1.39 billion with a low estimate of $1.37 billion and a high estimate of $1.41 billion.
The company’s EPS were expected to be $0.74.