We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Unveiling Akamai Technologies (AKAM) Q1 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
In its upcoming report, Akamai Technologies (AKAM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.58 per share, reflecting a decline of 3.7% compared to the same period last year. Revenues are forecasted to be $1.01 billion, representing a year-over-year increase of 2.2%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.
With that in mind, let's delve into the average projections of some Akamai Technologies metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Security' should arrive at $538.25 million. The estimate points to a change of +9.7% from the year-ago quarter.
Analysts expect 'Revenue- Compute' to come in at $168.06 million. The estimate indicates a change of +16.3% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Delivery' reaching $302.31 million. The estimate points to a change of -14.1% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- International' should come in at $489.92 million. The estimate indicates a year-over-year change of +3.2%.
It is projected by analysts that the 'Revenues- United States' will reach $523.19 million. The estimate indicates a year-over-year change of +2.1%.
Over the past month, Akamai Technologies shares have recorded returns of +12% versus the Zacks S&P 500 composite's +0.4% change. Based on its Zacks Rank #3 (Hold), AKAM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unveiling Akamai Technologies (AKAM) Q1 Outlook: Wall Street Estimates for Key Metrics
In its upcoming report, Akamai Technologies (AKAM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.58 per share, reflecting a decline of 3.7% compared to the same period last year. Revenues are forecasted to be $1.01 billion, representing a year-over-year increase of 2.2%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision 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.
With that in mind, let's delve into the average projections of some Akamai Technologies metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Security' should arrive at $538.25 million. The estimate points to a change of +9.7% from the year-ago quarter.
Analysts expect 'Revenue- Compute' to come in at $168.06 million. The estimate indicates a change of +16.3% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Delivery' reaching $302.31 million. The estimate points to a change of -14.1% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- International' should come in at $489.92 million. The estimate indicates a year-over-year change of +3.2%.
It is projected by analysts that the 'Revenues- United States' will reach $523.19 million. The estimate indicates a year-over-year change of +2.1%.
View all Key Company Metrics for Akamai Technologies here>>>
Over the past month, Akamai Technologies shares have recorded returns of +12% versus the Zacks S&P 500 composite's +0.4% change. Based on its Zacks Rank #3 (Hold), AKAM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>