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What to Expect from Cisco in First Quarter of Fiscal 2019

Adam Rogers - Author
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Nov. 6 2018, Published 8:06 a.m. ET

Revenue estimated to rise 6% in Q1 2019

The tech sell-off last month has put the earnings season in focus. There were concerns over slowing revenue growth rates coupled with rising interest rates that drove stocks lower. Now, stocks will either rebound or fall after the declaration of earnings. In this series, we look at Cisco’s (CSCO) revenue growth estimates for the first quarter of fiscal 2019 (year ending in July) and beyond, valuation metrics, and business segments.

Analysts expect Cisco (CSCO) to post revenue of $12.86 billion in the quarter, a 6% YoY rise compared to sales of $12.14 billion in the first quarter of fiscal 2018. Analysts expect Cisco’s non-GAAP (generally accepted accounting principles) EPS to rise 18% from $0.61 to $0.72 in the period.

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Cisco has beaten analysts’ estimates for four quarters in a row

As you can see in the chart above, Cisco has managed to beat analysts’ earnings estimates in each of the last four quarters. In the fourth quarter of fiscal 2018, it reported EPS of $0.70, 1.4% higher than the estimate of $0.69. It beat analysts’ fiscal 2018 third-quarter EPS estimate of $0.65 by 1.5% with EPS of $0.66.

Cisco also beat analysts’ fiscal 2018 second-quarter EPS estimate of $0.59 by 6.8% with EPS of $0.63. It reported EPS of $0.61 in the first quarter of fiscal 2018, 1.7% higher than the estimate of $0.60.

Cisco is set to announce its earnings results on November 14.

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