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Seeking Clues to Dynatrace (DT) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Dynatrace (DT - Free Report) will report quarterly earnings of $0.41 per share in its upcoming release, pointing to a year-over-year increase of 10.8%. It is anticipated that revenues will amount to $505.93 million, exhibiting an increase of 16% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Dynatrace metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues- Services' stands at $21.91 million. The estimate indicates a change of +15.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Subscriptions' should come in at $484.01 million. The estimate suggests a change of +16% year over year.
Analysts' assessment points toward 'Annual Recurring Revenue (ARR)- Total' reaching $1.94 billion. The estimate compares to the year-ago value of $1.65 billion.
The combined assessment of analysts suggests that 'Gross profit- Subscriptions' will likely reach $416.69 million. Compared to the present estimate, the company reported $356.54 million in the same quarter last year.
Shares of Dynatrace have demonstrated returns of -19.1% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #2 (Buy), DT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Dynatrace (DT) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts forecast that Dynatrace (DT - Free Report) will report quarterly earnings of $0.41 per share in its upcoming release, pointing to a year-over-year increase of 10.8%. It is anticipated that revenues will amount to $505.93 million, exhibiting an increase of 16% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Dynatrace metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues- Services' stands at $21.91 million. The estimate indicates a change of +15.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Subscriptions' should come in at $484.01 million. The estimate suggests a change of +16% year over year.
Analysts' assessment points toward 'Annual Recurring Revenue (ARR)- Total' reaching $1.94 billion. The estimate compares to the year-ago value of $1.65 billion.
The combined assessment of analysts suggests that 'Gross profit- Subscriptions' will likely reach $416.69 million. Compared to the present estimate, the company reported $356.54 million in the same quarter last year.
View all Key Company Metrics for Dynatrace here>>>Shares of Dynatrace have demonstrated returns of -19.1% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #2 (Buy), DT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .