NetApp Sees Q1 Adj. EPS $1.00-$1.10 vs $1.19 Est., Revenues $1.325B-$1.475B vs $1.47B Est.
Portfolio Pulse from Bill Haddad
NetApp expects Q1 adjusted EPS of $1.00-$1.10, lower than the estimated $1.19, and revenues of $1.325B-$1.475B, slightly below the $1.47B estimate.
May 31, 2023 | 8:05 pm
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NEGATIVE IMPACT
NetApp's Q1 adjusted EPS and revenue guidance is below analysts' expectations, which may negatively impact its stock price.
NetApp's lower-than-expected Q1 adjusted EPS and revenue guidance may lead to a negative sentiment among investors, potentially causing a decline in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100