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NetApp (NTAP) Surpasses Market Returns: Some Facts Worth Knowing
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NetApp (NTAP - Free Report) closed at $110.77 in the latest trading session, marking a +1.95% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.62%, and the tech-heavy Nasdaq gained 0.89%.
The stock of data storage company has risen by 6.48% in the past month, lagging the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
The investment community will be closely monitoring the performance of NetApp in its forthcoming earnings report. The company is scheduled to release its earnings on May 28, 2026. In that report, analysts expect NetApp to post earnings of $2.26 per share. This would mark year-over-year growth of 17.1%. At the same time, our most recent consensus estimate is projecting a revenue of $1.86 billion, reflecting a 7.62% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.97 per share and revenue of $6.83 billion, which would represent changes of +9.93% and +3.99%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for NetApp. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% lower. NetApp currently has a Zacks Rank of #3 (Hold).
Digging into valuation, NetApp currently has a Forward P/E ratio of 13.64. This signifies no noticeable deviation in comparison to the average Forward P/E of 13.64 for its industry.
Also, we should mention that NTAP has a PEG ratio of 2.74. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer- Storage Devices industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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NetApp (NTAP) Surpasses Market Returns: Some Facts Worth Knowing
NetApp (NTAP - Free Report) closed at $110.77 in the latest trading session, marking a +1.95% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.62%, and the tech-heavy Nasdaq gained 0.89%.
The stock of data storage company has risen by 6.48% in the past month, lagging the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
The investment community will be closely monitoring the performance of NetApp in its forthcoming earnings report. The company is scheduled to release its earnings on May 28, 2026. In that report, analysts expect NetApp to post earnings of $2.26 per share. This would mark year-over-year growth of 17.1%. At the same time, our most recent consensus estimate is projecting a revenue of $1.86 billion, reflecting a 7.62% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.97 per share and revenue of $6.83 billion, which would represent changes of +9.93% and +3.99%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for NetApp. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% lower. NetApp currently has a Zacks Rank of #3 (Hold).
Digging into valuation, NetApp currently has a Forward P/E ratio of 13.64. This signifies no noticeable deviation in comparison to the average Forward P/E of 13.64 for its industry.
Also, we should mention that NTAP has a PEG ratio of 2.74. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer- Storage Devices industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.