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Can Cisco Systems Beat Analysts’ Estimates in Fiscal 2Q18?

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Average revenue estimate of $11.8 billion

Cisco Systems (CSCO) plans to announce its fiscal 2Q18 results on February 14, 2018. Analysts expect it to post revenues of $11.8 billion for the quarter ended January 2018. Wall Street has a low revenue estimate of $11.7 billion and a high estimate of $11.9 billion for fiscal 2Q18. If Cisco meets the average revenue estimate of $11.8 billion, it would mean a YoY (year-over-year) rise of 2% compared to $11.6 billion in fiscal 2Q17.

Analysts expect Cisco to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.59 with a low estimate of $0.58 and a high estimate of $0.61. In fiscal 2Q17, Cisco reported EPS of $0.57.

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Cisco beat earnings estimates in the last 4 quarters

As you can see in the chart above, Cisco has beaten analysts’ average EPS estimates in three of the last four quarters. It posted EPS of $0.61 in fiscal 1Q18, beating the estimate of $0.61 by 1.7%. It posted EPS of $0.60 and $0.57 in fiscal 3Q17 and fiscal 2Q17, respectively, beating estimates by 3.4% and 1.8%, respectively.

Cisco has a market cap (capitalization) of $198 billion. Among its peers, Juniper Networks (JNPR), Microsoft (MSFT), VMware (VMW), and Hewlett Packard Enterprise (HPE) have market caps of $9.7 billion, $704 billion, $46 billion, and $25 billion, respectively.

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