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Unlocking Q2 Potential of Cisco (CSCO): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts expect Cisco Systems (CSCO - Free Report) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $12.72 billion, down 6.4% from the year-ago quarter.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Cisco metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Product' of $9.29 billion. The estimate indicates a change of -8.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $3.43 billion. The estimate suggests a change of -0.2% year over year.
Analysts forecast 'Revenue- Product- Secure, Agile Networks' to reach $7.21 billion. The estimate suggests a change of +6.9% year over year.
The consensus estimate for 'Revenue- Product- End-to-End Security' stands at $942.65 million. The estimate suggests a change of 0% year over year.
The combined assessment of analysts suggests that 'Non-Gaap Gross Margin- Service' will likely reach $2.29 billion. Compared to the current estimate, the company reported $2.38 billion in the same quarter of the previous year.
The average prediction of analysts places 'Non-Gaap Gross Margin- Product' at $6.05 billion. Compared to the present estimate, the company reported $6.31 billion in the same quarter last year.
Shares of Cisco have demonstrated returns of -1% over the past month compared to the Zacks S&P 500 composite's +5.1% change. With a Zacks Rank #4 (Sell), CSCO is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Unlocking Q2 Potential of Cisco (CSCO): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect Cisco Systems (CSCO - Free Report) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $12.72 billion, down 6.4% from the year-ago quarter.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Cisco metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Product' of $9.29 billion. The estimate indicates a change of -8.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $3.43 billion. The estimate suggests a change of -0.2% year over year.
Analysts forecast 'Revenue- Product- Secure, Agile Networks' to reach $7.21 billion. The estimate suggests a change of +6.9% year over year.
The consensus estimate for 'Revenue- Product- End-to-End Security' stands at $942.65 million. The estimate suggests a change of 0% year over year.
The combined assessment of analysts suggests that 'Non-Gaap Gross Margin- Service' will likely reach $2.29 billion. Compared to the current estimate, the company reported $2.38 billion in the same quarter of the previous year.
The average prediction of analysts places 'Non-Gaap Gross Margin- Product' at $6.05 billion. Compared to the present estimate, the company reported $6.31 billion in the same quarter last year.
View all Key Company Metrics for Cisco here>>>
Shares of Cisco have demonstrated returns of -1% over the past month compared to the Zacks S&P 500 composite's +5.1% change. With a Zacks Rank #4 (Sell), CSCO is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>