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Dell Technologies (DELL) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended July 2023, Dell Technologies (DELL - Free Report) reported revenue of $22.93 billion, down 13.2% over the same period last year. EPS came in at $1.74, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of +10.36% over the Zacks Consensus Estimate of $20.78 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +53.98%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. The reported number represents a change of -16.5% year over year.
Net Revenue- Infrastructure Solutions Group: $8.46 billion versus $7.35 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
Net Revenue- Client Solutions Group- Consumer: $2.39 billion versus the three-analyst average estimate of $2.19 billion.
Net Revenue- Infrastructure Solutions Group- Storage: $4.19 billion compared to the $3.82 billion average estimate based on three analysts.
Net Revenue- Client Solutions Group- Commercial: $10.55 billion versus the three-analyst average estimate of $9.92 billion.
Net Revenue- Infrastructure Solutions Group- Servers and networking: $4.27 billion versus the three-analyst average estimate of $2.39 billion.
Operating Income- Client Solutions Group: $969 million versus the two-analyst average estimate of $806.76 million.
Operating Income- Infrastructure Solutions Group: $1.05 billion versus $719.31 million estimated by two analysts on average.
Shares of Dell Technologies have returned +5.2% over the past month versus the Zacks S&P 500 composite's -1.3% 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.
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Dell Technologies (DELL) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended July 2023, Dell Technologies (DELL - Free Report) reported revenue of $22.93 billion, down 13.2% over the same period last year. EPS came in at $1.74, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of +10.36% over the Zacks Consensus Estimate of $20.78 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +53.98%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Dell Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenue- Client Solutions Group: $12.94 billion compared to the $12.11 billion average estimate based on three analysts. The reported number represents a change of -16.5% year over year.
- Net Revenue- Infrastructure Solutions Group: $8.46 billion versus $7.35 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
- Net Revenue- Client Solutions Group- Consumer: $2.39 billion versus the three-analyst average estimate of $2.19 billion.
- Net Revenue- Infrastructure Solutions Group- Storage: $4.19 billion compared to the $3.82 billion average estimate based on three analysts.
- Net Revenue- Client Solutions Group- Commercial: $10.55 billion versus the three-analyst average estimate of $9.92 billion.
- Net Revenue- Infrastructure Solutions Group- Servers and networking: $4.27 billion versus the three-analyst average estimate of $2.39 billion.
- Operating Income- Client Solutions Group: $969 million versus the two-analyst average estimate of $806.76 million.
- Operating Income- Infrastructure Solutions Group: $1.05 billion versus $719.31 million estimated by two analysts on average.
View all Key Company Metrics for Dell Technologies here>>>Shares of Dell Technologies have returned +5.2% over the past month versus the Zacks S&P 500 composite's -1.3% 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.