We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What to Expect from Nimble Storage (NMBL) in Q4 Earnings?
Read MoreHide Full Article
Nimble Storage, Inc. is set to report fourth-quarter fiscal 2017 results on Mar 7. Last quarter, the company delivered a positive earnings surprise of 6.25%. The company posted an average positive earnings surprise of 0.75% in the last four quarters.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Nimble Storage is positioning itself to benefit from the ongoing shift to flash-centric architectures from the conventional disk-centric architectures with its Adaptive Flash platform. Meanwhile, it is acquiring large enterprise customers and is equally concentrating on growing its mid-size customer base. In the third quarter, large customer base grew 28% while AFA bookings constituted 24% of total bookings in the quarter.
The company launched AF-series All Flash Arrays storage equipment that relies solely on flash memory chips. Analysts view this as a big positive for the company that will allow it to gain traction in the all flash segment. However, they remain wary of the stiff competition from existing players like EMC and Pure Storage, Inc. (PSTG - Free Report) , which might weigh on Nimble’s margins.
For the fourth quarter of fiscal 2017, the company expects revenues in a range of $112 million to $115 million. Non GAAP operating loss is expected to be $11 million to $13 million. Non-GAAP loss per share is projected in a range of 13 cents to 15 cents.
Earnings Whispers
Our proven model does not conclusively show that Nimble is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below.
Zacks ESP: Nimble’s Earnings ESP is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 42 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Nimble’s Zacks Rank #3 when combined with a 0.00% ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of stocks that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter
Camping World Holdings, Inc. (CWH - Free Report) with an Earnings ESP of +22.22% and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
What to Expect from Nimble Storage (NMBL) in Q4 Earnings?
Nimble Storage, Inc. is set to report fourth-quarter fiscal 2017 results on Mar 7. Last quarter, the company delivered a positive earnings surprise of 6.25%. The company posted an average positive earnings surprise of 0.75% in the last four quarters.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Nimble Storage is positioning itself to benefit from the ongoing shift to flash-centric architectures from the conventional disk-centric architectures with its Adaptive Flash platform. Meanwhile, it is acquiring large enterprise customers and is equally concentrating on growing its mid-size customer base. In the third quarter, large customer base grew 28% while AFA bookings constituted 24% of total bookings in the quarter.
The company launched AF-series All Flash Arrays storage equipment that relies solely on flash memory chips. Analysts view this as a big positive for the company that will allow it to gain traction in the all flash segment. However, they remain wary of the stiff competition from existing players like EMC and Pure Storage, Inc. (PSTG - Free Report) , which might weigh on Nimble’s margins.
For the fourth quarter of fiscal 2017, the company expects revenues in a range of $112 million to $115 million. Non GAAP operating loss is expected to be $11 million to $13 million. Non-GAAP loss per share is projected in a range of 13 cents to 15 cents.
Earnings Whispers
Our proven model does not conclusively show that Nimble is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below.
Zacks ESP: Nimble’s Earnings ESP is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 42 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Nimble’s Zacks Rank #3 when combined with a 0.00% ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a couple of stocks that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter
Sunrun Inc. (RUN - Free Report) with an Earnings ESP of +244.44% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Camping World Holdings, Inc. (CWH - Free Report) with an Earnings ESP of +22.22% and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>