Citrix Systems (Nasdaq: CTXS ) is expected to report Q3 earnings on Oct. 24. 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 Citrix Systems's revenues will grow 15.1% and EPS will increase 1.6%.
The average estimate for revenue is $650.6 million. On the bottom line, the average EPS estimate is $0.65.
Last quarter, Citrix Systems reported revenue of $615.2 million. GAAP reported sales were 16% higher than the prior-year quarter's $530.8 million.
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 $0.71. GAAP EPS of $0.49 for Q2 were 14% higher than the prior-year quarter's $0.43 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 87.4%, 140 basis points worse than the prior-year quarter. Operating margin was 13.8%, 450 basis points worse than the prior-year quarter. Net margin was 15.0%, 40 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.57 billion. The average EPS estimate is $2.81.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 463 members out of 532 rating the stock outperform, and 69 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Citrix Systems a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Citrix Systems is outperform, with an average price target of $88.67.
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