NetApp Sees Q1 Adj. EPS $1.40-$1.50 vs $1.44 Est., Revenues $1.455B-$1.605B vs $1.52B Est.
Portfolio Pulse from Benzinga Newsdesk
NetApp has released its Q1 financial guidance, projecting adjusted EPS between $1.40 and $1.50, compared to the estimated $1.44. The company also forecasts revenues between $1.455 billion and $1.605 billion, against the estimated $1.52 billion.
May 30, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
NetApp's Q1 guidance shows a range for adjusted EPS that includes the estimate, and a revenue range that spans above and below the estimate. This mixed guidance could lead to volatility in the stock price.
The adjusted EPS guidance range includes the analyst estimate, which is neutral. However, the revenue guidance range spans both above and below the estimate, indicating uncertainty. This mixed guidance could lead to short-term volatility in NetApp's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100