What Investors Can Expect from NetApp in Fiscal 1Q18
Revenues of $1.32 billion in 1Q18
NetApp (NTAP), a US-based (SPY) hardware technology (QQQ) company, plans to announce its fiscal 1Q18 results on August 16, 2017. Analysts expect the company to post revenues of $1.32 billion for the quarter ended July 31, 2017, with a high revenue estimate of $1.35 billion and a low estimate of $1.28 billion.
If NetApp meets analysts’ estimate of $1.32 billion, it would mean a year-over-year (or YoY) rise of 2% compared to $1.29 billion in fiscal 1Q17.
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Non-GAAP1 EPS (earnings per share) are estimated to reach $0.55 with a high estimate of $0.60 and a low estimate of $0.49. In fiscal 1Q17, NetApp reported EPS of $0.46, which indicates that analysts expect EPS growth of almost 20% in fiscal 1Q18.
As you can see in the chart above, NetApp beat analysts’ EPS estimates in the last four consecutive quarters. In fiscal 4Q17, it beat estimates by 4.9% with EPS of $0.86. Respectively, it also beat earnings estimates by 10.8%, 11.1%, and 27.8% in fiscal 3Q17, fiscal 2Q17, and fiscal 1Q17 with EPS of $0.82, $0.60, and $0.46, respectively.
How did NetApp perform in fiscal 4Q17?
NetApp (NTAP) reported revenues of ~$1.5 billion in fiscal 4Q17 with earnings per share of $0.86. Analysts expected the firm to post revenues of ~$1.4 billion and EPS of $0.82 in fiscal 4Q17. NetApp’s revenues rose 7.3% YoY, and its EPS rose 56% YoY in the quarter ended April 2017.
- generally accepted accounting principles ↩