Earnings Outlook For Cisco Systems
Portfolio Pulse from Benzinga Insights
Cisco Systems (NASDAQ:CSCO) is expected to release its quarterly earnings report on Wednesday, 2023-11-15, with an estimated EPS of $1.03. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Cisco has surpassed EPS estimates, resulting in share price increases the following day. Shares are currently trading at $52.23, up 18.69% over the last 52 weeks. Positive long-term shareholder sentiment may influence the stock's reaction to the earnings report.
November 14, 2023 | 2:00 pm
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POSITIVE IMPACT
Cisco Systems is anticipated to report quarterly earnings with an EPS estimate of $1.03. Positive historical earnings performance and shareholder sentiment may lead to a favorable market reaction if the company beats estimates and provides strong guidance.
Given Cisco's history of surpassing EPS estimates and the subsequent positive share price reactions, there is a high likelihood of a similar outcome if the company beats the EPS estimate and provides optimistic future guidance. The stock's current upward trend and positive long-term shareholder sentiment further support the potential for a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100