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NetApp First Quarter Earnings Preview
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NTAP
Analysts are expecting a drop in profit for NetApp (Nasdaq:NTAP) when it reports its results for the first quarter on Wednesday, August 15, 2012. The company reported profit of 44 cents a year ago, but the current consensus estimate anticipates earnings per share of 25 cents.
Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: Analysts are expecting NetApp to announce earnings of 25 cents per share, 43.2% less than a year ago, when the company reported earnings of 44 cents per share.
While down from 45 cents three months ago, the consensus estimate has remained unchanged over the past 30 days. Analysts are projecting earnings of $1.55 per share for the fiscal year.
NetApp is expected to beat last year's reported revenue of $1.46 billion and come in at $1.46 billion for the quarter. For the fiscal year, expected revenue is $6.37 billion.
Company Performance: Revenue increases have been in the double digits for the past four quarters. It has risen by an average of 22.3%, with the biggest increase of 28.2% coming in the first quarter of the last fiscal year.
NTAP's P/E ratio is 20.9. The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Find P/E And PEG Ratios
The stock price has fallen 10.2% since May 14, 2012, from $35.79 to $32.13. The stock saw one of its worst stretches when its price fell $3.28 per share between June 29, 2012 and July 17, 2012.
The Competition: NetApp supplies enterprise storage and data management software and hardware products and services. Most analysts (17 of 28) give NetApp a hold rating. They have grown a bit more optimistic about the stock, as the number of buy ratings has inched up over the past three months.
The company's closest competitor in the computer storage devices industry is EMC (EMC). Analysts are more optimistic about NetApp than about EMC. Only 27 out of 29 analysts rate the latter a buy compared to 11 of 28 for the former.
Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: Analysts are expecting NetApp to announce earnings of 25 cents per share, 43.2% less than a year ago, when the company reported earnings of 44 cents per share.
While down from 45 cents three months ago, the consensus estimate has remained unchanged over the past 30 days. Analysts are projecting earnings of $1.55 per share for the fiscal year.
NetApp is expected to beat last year's reported revenue of $1.46 billion and come in at $1.46 billion for the quarter. For the fiscal year, expected revenue is $6.37 billion.
Company Performance: Revenue increases have been in the double digits for the past four quarters. It has risen by an average of 22.3%, with the biggest increase of 28.2% coming in the first quarter of the last fiscal year.
The stock price has fallen 10.2% since May 14, 2012, from $35.79 to $32.13. The stock saw one of its worst stretches when its price fell $3.28 per share between June 29, 2012 and July 17, 2012.
The Competition: NetApp supplies enterprise storage and data management software and hardware products and services. Most analysts (17 of 28) give NetApp a hold rating. They have grown a bit more optimistic about the stock, as the number of buy ratings has inched up over the past three months.
The company's closest competitor in the computer storage devices industry is EMC (EMC). Analysts are more optimistic about NetApp than about EMC. Only 27 out of 29 analysts rate the latter a buy compared to 11 of 28 for the former.
by
Investopedia Staff
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