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What's in the Offing for FireEye's (FEYE) Q4 Earnings?
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FireEye is set to report fourth-quarter 2020 results on Feb 2.
For the quarter, FireEye anticipates revenues between $237 million and $241 million. The Zacks Consensus Estimate for revenues currently stands at $239.5 million, indicating a 1.9% increase from the year-ago quarter’s reported figure.
The company also projects non-GAAP loss between 9 cents and 11 cent per share. The mid-point of 10 cents matches the consensus mark, suggesting 42.9% year-over-year growth.
Notably, the company’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, the average surprise being 183%.
Let’s see how things have shaped up prior to the upcoming announcement.
Factors at Play
FireEye’s fourth-quarter performance is anticipated to have benefited from continued solid demand for its products, given the healthy environment of the global security market. Moreover, increased demand for cybersecurity solutions amid the coronavirus-induced work-and-learn-from-home trend is likely to have aided the quarterly performance.
Strong traction in Mandiant Professional Services revenues is expected to have aided the fourth-quarter performance. Notably, Mandiant Services engagements, powered by the Verodin platform, have been gaining robust adoption.
Further, continued momentum in Helix and cloud e-mail and endpoint is likely to have been a tailwind.
What Our Model Says
Our proven model does not predict an earnings beat for FireEye this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
FireEye currently carries a Zacks Rank of 3 and has an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
Applied Materials, Inc. (AMAT - Free Report) has an Earnings ESP of +2.54% and holds a Zacks Rank of 3 currently.
Equifax, Inc. (EFX - Free Report) has an Earnings ESP of +1.44% and carries a Zacks Rank #3, at present.
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What's in the Offing for FireEye's (FEYE) Q4 Earnings?
FireEye is set to report fourth-quarter 2020 results on Feb 2.
For the quarter, FireEye anticipates revenues between $237 million and $241 million. The Zacks Consensus Estimate for revenues currently stands at $239.5 million, indicating a 1.9% increase from the year-ago quarter’s reported figure.
The company also projects non-GAAP loss between 9 cents and 11 cent per share. The mid-point of 10 cents matches the consensus mark, suggesting 42.9% year-over-year growth.
Notably, the company’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, the average surprise being 183%.
FireEye, Inc. Price and Consensus
FireEye, Inc. price-consensus-chart | FireEye, Inc. Quote
Let’s see how things have shaped up prior to the upcoming announcement.
Factors at Play
FireEye’s fourth-quarter performance is anticipated to have benefited from continued solid demand for its products, given the healthy environment of the global security market. Moreover, increased demand for cybersecurity solutions amid the coronavirus-induced work-and-learn-from-home trend is likely to have aided the quarterly performance.
Strong traction in Mandiant Professional Services revenues is expected to have aided the fourth-quarter performance. Notably, Mandiant Services engagements, powered by the Verodin platform, have been gaining robust adoption.
Further, continued momentum in Helix and cloud e-mail and endpoint is likely to have been a tailwind.
What Our Model Says
Our proven model does not predict an earnings beat for FireEye this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
FireEye currently carries a Zacks Rank of 3 and has an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming releases:
CDW Corporation (CDW - Free Report) has an Earnings ESP of +6.74% and currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Materials, Inc. (AMAT - Free Report) has an Earnings ESP of +2.54% and holds a Zacks Rank of 3 currently.
Equifax, Inc. (EFX - Free Report) has an Earnings ESP of +1.44% and carries a Zacks Rank #3, at present.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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