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Will Cisco Beat Analyst Estimates in Fiscal 1Q18?

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Will Cisco Beat Analyst Estimates in Fiscal 1Q18? PART 1 OF 11

What Analysts Expect from Cisco in Fiscal 1Q18

Analysts’ revenue expectations for fiscal 1Q18

Analysts expect US-based (SPY) tech (QQQ) giant Cisco Systems (CSCO) to report revenues of $12.1 billion in fiscal 1Q18 (ended October 2017). Wall Street has a high revenue estimate of $12.2 billion and a low estimate of $12 billion for 1Q18.

If Cisco meets the analyst average revenue estimate of $12.1 billion, it would mean a YoY (year-over-year) fall of 2%, compared with its revenues of ~$12.4 billion in 1Q17.

What Analysts Expect from Cisco in Fiscal 1Q18

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Its non-GAAP (generally accepted accounting principles) EPS (earnings per share) is estimated at $0.6 with a high estimate of $0.61 and a low estimate of $0.59. In fiscal 1Q17, Cisco reported EPS of $0.61, indicating that analysts expect EPS growth to remain flat in 1Q18.

Cisco has beaten the analyst EPS estimates in three of the past four quarters. It reported EPS of $0.6 in 3Q17, which was 3.4% above the analyst estimate of $0.58. The firm also announced EPS of $0.57 in 2Q17, which was 1.8% above the analyst estimate of $0.56. Its EPS of $3.36 in 1Q17 was 3.4% above estimates, while the firm’s EPS of $0.61 in 4Q16 met the average analyst estimate.

Cisco estimates revenue decline in 1Q18

During fiscal’s 4Q17 earnings call, Cisco’s management estimated a revenue to fall between 1% and 3% YoY in fiscal 1Q18. The firm expects a gross margin of 63%–64%, with EPS between $0.59 and $0.61 in 1Q18.

Cisco will be announcing its 1Q18 results on November 15, 2017.

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