Akamai Technologies (Nasdaq: AKAM ) is expected to report Q2 earnings on July 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 Akamai Technologies's revenues will increase 13.0% and EPS will expand 7.0%.
The average estimate for revenue is $374.4 million. On the bottom line, the average EPS estimate is $0.46.
Last quarter, Akamai Technologies reported revenue of $368.0 million. GAAP reported sales were 15% higher than the prior-year quarter's $319.4 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 $0.51. GAAP EPS of $0.39 for Q1 were 63% higher than the prior-year quarter's $0.24 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 67.3%, 640 basis points better than the prior-year quarter. Operating margin was 27.7%, 390 basis points better than the prior-year quarter. Net margin was 19.4%, 590 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.54 billion. The average EPS estimate is $1.95.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,013 members out of 3,161 rating the stock outperform, and 148 members rating it underperform. Among 690 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 666 give Akamai Technologies a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Akamai Technologies is outperform, with an average price target of $41.48.
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