Nutanix's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Nutanix (NASDAQ:NTNX) is expected to release its quarterly earnings report on Wednesday, 2023-11-29, with an estimated EPS of $0.17. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Nutanix has experienced significant stock price movements following their earnings reports. Last quarter, the company beat the EPS estimate by $0.08, resulting in a 12.22% stock price increase the next day. Over the last 52-week period, Nutanix shares have risen by 44.48%, with the stock currently trading at $40.83.
November 28, 2023 | 2:00 pm
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POSITIVE IMPACT
Nutanix is anticipated to report quarterly earnings with an EPS estimate of $0.17. A history of positive stock movements post-earnings and a 44.48% increase in share price over the last year may indicate a bullish outlook for the stock.
Given Nutanix's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term positive impact on NTNX shares if the company reports a beat and provides favorable guidance. The stock's strong performance over the past year further supports a bullish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100