NetApp (Nasdaq: NTAP ) is expected to report Q1 earnings on Aug. 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict NetApp's revenues will increase 0.1% and EPS will wane -30.9%.
The average estimate for revenue is $1.46 billion. On the bottom line, the average EPS estimate is $0.38.
Last quarter, NetApp booked revenue of $1.70 billion. GAAP reported sales were 19% higher than the prior-year quarter's $1.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.66. GAAP EPS of $0.48 for Q4 were 20% higher than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 58.4%, 660 basis points worse than the prior-year quarter. Operating margin was 13.1%, 230 basis points worse than the prior-year quarter. Net margin was 10.6%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $6.38 billion. The average EPS estimate is $2.04.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 569 members out of 643 rating the stock outperform, and 74 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 give NetApp a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NetApp is outperform, with an average price target of $48.12.
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