NetApp's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
NetApp (NASDAQ:NTAP) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $1.07. The company's past performance shows it beat EPS estimates last quarter, which led to an 8.46% increase in share price the next day. NetApp's shares were trading at $76.46 as of August 21, with a 52-week increase of 5.41%.
August 22, 2023 | 2:01 pm
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NetApp is expected to release its earnings report, with an estimated EPS of $1.07. Its previous EPS beat led to a significant share price increase.
NetApp's upcoming earnings report is highly relevant as it directly impacts the company's stock price. Given the company's history of beating EPS estimates and the subsequent positive effect on the stock price, there is a high likelihood of a similar outcome this time. However, the market's reaction to the earnings report will also depend on the company's guidance for the next quarter.
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IMPORTANCE 80
RELEVANCE 100