Nutanix (NTNX - Free Report) reported $565.23 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 16.2%. EPS of $0.46 for the same period compares to $0.12 a year ago.
The reported revenue represents a surprise of +2.43% over the Zacks Consensus Estimate of $551.82 million. With the consensus EPS estimate being $0.29, the EPS surprise was +58.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Nutanix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Contract Value Billings (ACV Billings): $329.48 million versus $302.91 million estimated by seven analysts on average.
- Disaggregation of billings - Professional services billings: $35.48 million compared to the $26.80 million average estimate based on four analysts.
- Total end customers: 25,370 versus 25,579 estimated by three analysts on average.
- Total Billings: $616.48 million versus the three-analyst average estimate of $635.05 million.
- Disaggregation of billings - Subscription billings: $572.76 million versus $573.50 million estimated by three analysts on average.
- Annual Recurring Revenue (ARR): $1.74 billion compared to the $1.71 billion average estimate based on two analysts.
- Revenue- Support, entitlements and other services: $265.57 million versus the six-analyst average estimate of $271.73 million.
- Revenue- Product: $299.66 million versus $278.79 million estimated by six analysts on average.
- Disaggregation of Revenue- Professional services revenue: $25.01 million versus $24.97 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- Disaggregation of Revenue- Subscription revenue: $531.98 million compared to the $515.42 million average estimate based on four analysts. The reported number represents a change of +18% year over year.
View all Key Company Metrics for Nutanix here>>>Shares of Nutanix have returned +3.1% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Nutanix (NTNX - Free Report) reported $565.23 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 16.2%. EPS of $0.46 for the same period compares to $0.12 a year ago.
The reported revenue represents a surprise of +2.43% over the Zacks Consensus Estimate of $551.82 million. With the consensus EPS estimate being $0.29, the EPS surprise was +58.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Nutanix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Contract Value Billings (ACV Billings): $329.48 million versus $302.91 million estimated by seven analysts on average.
- Disaggregation of billings - Professional services billings: $35.48 million compared to the $26.80 million average estimate based on four analysts.
- Total end customers: 25,370 versus 25,579 estimated by three analysts on average.
- Total Billings: $616.48 million versus the three-analyst average estimate of $635.05 million.
- Disaggregation of billings - Subscription billings: $572.76 million versus $573.50 million estimated by three analysts on average.
- Annual Recurring Revenue (ARR): $1.74 billion compared to the $1.71 billion average estimate based on two analysts.
- Revenue- Support, entitlements and other services: $265.57 million versus the six-analyst average estimate of $271.73 million.
- Revenue- Product: $299.66 million versus $278.79 million estimated by six analysts on average.
- Disaggregation of Revenue- Professional services revenue: $25.01 million versus $24.97 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- Disaggregation of Revenue- Subscription revenue: $531.98 million compared to the $515.42 million average estimate based on four analysts. The reported number represents a change of +18% year over year.
View all Key Company Metrics for Nutanix here>>>Shares of Nutanix have returned +3.1% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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