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.
Unlocking Q1 Potential of Akamai Technologies (AKAM): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Akamai Technologies (AKAM - Free Report) is expected to reveal quarterly earnings of $1.61 per share, indicating a decline of 5.3% compared to the year-ago period. Analysts forecast revenues of $1.07 billion, representing an increase of 5.7% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 2.9% 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.
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.
That said, let's delve into the average estimates of some Akamai Technologies metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenue- Security' should arrive at $578.21 million. The estimate suggests a change of +9% year over year.
The consensus among analysts is that 'Revenue- Compute' will reach $193.18 million. The estimate suggests a change of +16.8% year over year.
The combined assessment of analysts suggests that 'Revenue- Delivery' will likely reach $301.82 million. The estimate points to a change of -5.4% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- International' reaching $524.33 million. The estimate indicates a year-over-year change of +7.8%.
The consensus estimate for 'Revenue- United States' stands at $550.19 million. The estimate points to a change of +4.1% from the year-ago quarter.
Akamai Technologies shares have witnessed a change of -7.7% in the past month, in contrast to the Zacks S&P 500 composite's +9.5% move. With a Zacks Rank #3 (Hold), AKAM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Unlocking Q1 Potential of Akamai Technologies (AKAM): Exploring Wall Street Estimates for Key Metrics
The upcoming report from Akamai Technologies (AKAM - Free Report) is expected to reveal quarterly earnings of $1.61 per share, indicating a decline of 5.3% compared to the year-ago period. Analysts forecast revenues of $1.07 billion, representing an increase of 5.7% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 2.9% 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.
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.
That said, let's delve into the average estimates of some Akamai Technologies metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenue- Security' should arrive at $578.21 million. The estimate suggests a change of +9% year over year.
The consensus among analysts is that 'Revenue- Compute' will reach $193.18 million. The estimate suggests a change of +16.8% year over year.
The combined assessment of analysts suggests that 'Revenue- Delivery' will likely reach $301.82 million. The estimate points to a change of -5.4% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- International' reaching $524.33 million. The estimate indicates a year-over-year change of +7.8%.
The consensus estimate for 'Revenue- United States' stands at $550.19 million. The estimate points to a change of +4.1% from the year-ago quarter.
View all Key Company Metrics for Akamai Technologies here>>>Akamai Technologies shares have witnessed a change of -7.7% in the past month, in contrast to the Zacks S&P 500 composite's +9.5% move. With a Zacks Rank #3 (Hold), AKAM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .