X
<

What Investors Can Expect from NetApp in Fiscal 1Q18

PART:
1 2 3 4 5 6
What Investors Can Expect from NetApp in Fiscal 1Q18 PART 1 OF 6

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.

What Investors Can Expect from NetApp in Fiscal 1Q18

Interested in COMP-INDEX? Don't miss the next report.

Receive e-mail alerts for new research on COMP-INDEX

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

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.

  1. generally accepted accounting principles
X

Please select a profession that best describes you: