NetApp Sees Q2 Adj. EPS $1.73-$1.83 vs $1.70 Est., Net Revenues $1.565B-$1.715B vs $1.63B Est.; Sees FY25 Adj. EPS $7.00-$7.20 vs $6.89 Est., Revenues $6.480B-$6.680B vs $6.55B Est.
Portfolio Pulse from Benzinga Newsdesk
NetApp has provided guidance for Q2 and FY25, with adjusted EPS and revenue estimates surpassing analyst expectations. This positive outlook suggests potential growth for the company.
August 28, 2024 | 8:04 pm
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POSITIVE IMPACT
NetApp's guidance for Q2 and FY25 shows adjusted EPS and revenue estimates above analyst expectations, indicating a positive outlook for the company's financial performance.
NetApp's guidance for both Q2 and FY25 shows adjusted EPS and revenue estimates that are higher than what analysts had predicted. This suggests that the company is performing well and could see positive stock price movement as a result. The market often reacts favorably to companies that exceed expectations, which is why the short-term impact is likely positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100