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Gear Up for Palo Alto (PANW) Q3 Earnings: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Palo Alto Networks (PANW - Free Report) will announce quarterly earnings of $0.81 per share in its forthcoming report, representing an increase of 1.3% year over year. Revenues are projected to reach $2.94 billion, increasing 28.6% from the same quarter last year.
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.
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 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 Palo Alto metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- Product' stands at $566.17 million. The estimate indicates a change of +25.1% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Subscription and support' will reach $2.38 billion. The estimate points to a change of +29.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Subscription and support- Support' of $710.74 million. The estimate indicates a year-over-year change of +18.1%.
The average prediction of analysts places 'Revenue- Subscription and support- Subscription' at $1.67 billion. The estimate indicates a year-over-year change of +35%.
Analysts' assessment points toward 'RPO (Remaining Performance Obligation)' reaching $17.90 billion. The estimate is in contrast to the year-ago figure of $13.50 billion.
The combined assessment of analysts suggests that 'Product gross profit Non-GAAP' will likely reach $444.15 million. The estimate is in contrast to the year-ago figure of $355.10 million.
Analysts predict that the 'Subscription and support gross profit Non-?GAAP' will reach $1.80 billion. Compared to the current estimate, the company reported $1.39 billion in the same quarter of the previous year.
Analysts forecast 'Subscription and support gross profit GAAP' to reach $1.76 billion. The estimate is in contrast to the year-ago figure of $1.32 billion.
According to the collective judgment of analysts, 'Product gross profit GAAP' should come in at $445.63 million. Compared to the present estimate, the company reported $352.00 million in the same quarter last year.
Shares of Palo Alto have experienced a change of +36.9% in the past month compared to the +5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), PANW is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Palo Alto (PANW) Q3 Earnings: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Palo Alto Networks (PANW - Free Report) will announce quarterly earnings of $0.81 per share in its forthcoming report, representing an increase of 1.3% year over year. Revenues are projected to reach $2.94 billion, increasing 28.6% from the same quarter last year.
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.
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 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 Palo Alto metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- Product' stands at $566.17 million. The estimate indicates a change of +25.1% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Subscription and support' will reach $2.38 billion. The estimate points to a change of +29.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Subscription and support- Support' of $710.74 million. The estimate indicates a year-over-year change of +18.1%.
The average prediction of analysts places 'Revenue- Subscription and support- Subscription' at $1.67 billion. The estimate indicates a year-over-year change of +35%.
Analysts' assessment points toward 'RPO (Remaining Performance Obligation)' reaching $17.90 billion. The estimate is in contrast to the year-ago figure of $13.50 billion.
The combined assessment of analysts suggests that 'Product gross profit Non-GAAP' will likely reach $444.15 million. The estimate is in contrast to the year-ago figure of $355.10 million.
Analysts predict that the 'Subscription and support gross profit Non-?GAAP' will reach $1.80 billion. Compared to the current estimate, the company reported $1.39 billion in the same quarter of the previous year.
Analysts forecast 'Subscription and support gross profit GAAP' to reach $1.76 billion. The estimate is in contrast to the year-ago figure of $1.32 billion.
According to the collective judgment of analysts, 'Product gross profit GAAP' should come in at $445.63 million. Compared to the present estimate, the company reported $352.00 million in the same quarter last year.
View all Key Company Metrics for Palo Alto here>>>Shares of Palo Alto have experienced a change of +36.9% in the past month compared to the +5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), PANW is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .