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Will NetApp Beat Estimates in Fiscal Q1 2019?


Aug. 9 2018, Published 12:32 p.m. ET

Average revenue estimate of $1.42 billion

In this series, we’ll look at analysts’ earnings and revenue estimates for the results of NetApp’s (NTAP) fiscal first quarter of 2019, which the company is set to release on August 15.

Peers Western Digital (WDC), IBM (IBM), Seagate (STX), and Hewlett Packard Enterprise (HPE) are expected to release their next earnings results on October 24, October 10, October 22, and September 4, respectively.

In the fiscal first quarter of 2019, or the quarter that ended in July, analysts expect NetApp’s revenue to rise 7.4% YoY (year-over-year) to $1.42 billion from $1.32 billion, and they expect its non-GAAP (generally accepted accounting principles) EPS to rise 29% YoY to $0.80 from $0.62.

Analysts have a high revenue estimate of $1.46 billion and a low estimate of $1.39 billion for NetApp in the quarter. They also have a high EPS estimate of $0.83 and a low estimate of $0.76 for the company.

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NetApp has beaten earnings estimates in each of the last four quarters

As we can see in the chart above, NetApp has beaten analysts’ earnings estimates in each of the last four quarters. It beat analysts’ fiscal fourth-quarter earnings estimate of $1.01 by 4% with EPS of $1.05 and their fiscal third-quarter earnings estimate of $0.91 by 8.8% with EPS of $0.99.

In the fiscal second quarter, analysts expected NetApp to post EPS of $0.69. Instead, it reported EPS of $0.81, 1.7% higher. In the fiscal first quarter of 2018, its EPS were $0.62, 12.7% above the average estimate.


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