NetApp (Nasdaq: NTAP ) is expected to report Q4 earnings on May 21. 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 grow 3.3% and EPS will expand 3.0%.
The average estimate for revenue is $1.76 billion. On the bottom line, the average EPS estimate is $0.68.
Last quarter, NetApp notched revenue of $1.63 billion. GAAP reported sales were 4.1% higher than the prior-year quarter's $1.57 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 $0.67. GAAP EPS of $0.43 for Q3 were 34% higher than the prior-year quarter's $0.32 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 59.2%, 120 basis points better than the prior-year quarter. Operating margin was 11.6%, 140 basis points better than the prior-year quarter. Net margin was 9.7%, 210 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.37 billion. The average EPS estimate is $2.28.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 556 members out of 631 rating the stock outperform, and 75 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give NetApp a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NetApp is hold, with an average price target of $36.51.
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