Symantec (Nasdaq: SYMC ) is expected to report Q1 earnings on July 30. 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 Symantec's revenues will drop -1.8% and EPS will contract -16.3%.
The average estimate for revenue is $1.64 billion. On the bottom line, the average EPS estimate is $0.36.
Last quarter, Symantec reported revenue of $1.75 billion. GAAP reported sales were 4.0% higher than the prior-year quarter's $1.68 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 $0.44. GAAP EPS of $0.27 for Q4 were 64% lower than the prior-year quarter's $0.76 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 83.3%, 110 basis points worse than the prior-year quarter. Operating margin was 16.6%, 300 basis points better than the prior-year quarter. Net margin was 10.8%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $6.96 billion. The average EPS estimate is $1.89.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 534 members out of 628 rating the stock outperform, and 94 members rating it underperform. Among 158 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 141 give Symantec a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Symantec is outperform, with an average price target of $24.11.
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