Dell Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Dell Technologies Inc. (NYSE:DELL) is set to release its Q4 earnings after the market closes on Feb. 29, 2024, with analysts forecasting a decrease in earnings per share from $1.80 to $1.73 and a drop in revenue from $25.04 billion to $22.16 billion year-over-year. The company also announced the introduction of a new portfolio of commercial AI laptops and mobile workstations. Ahead of the earnings call, several analysts have revised their ratings and price targets for Dell, with positive adjustments reflecting optimism about the company's performance.
February 29, 2024 | 4:11 pm
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Dell Technologies is anticipated to report a decrease in earnings and revenue for Q4, but has also announced new AI laptops and workstations. Analysts have revised their ratings and price targets upwards, indicating a positive outlook.
The anticipation of Dell's Q4 earnings report shows a mixed picture with expected declines in earnings per share and revenue. However, the introduction of new AI products and positive revisions by analysts suggest optimism about Dell's future prospects. The recent adjustments in analyst ratings and price targets, particularly the upgrades and positive commentary, are likely to have a favorable short-term impact on Dell's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100