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Curious about Palo Alto (PANW) Q4 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts expect Palo Alto Networks (PANW - Free Report) to post quarterly earnings of $0.98 per share in its upcoming report, which indicates a year-over-year increase of 3.2%. Revenues are expected to be $3.35 billion, up 32.1% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Palo Alto metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenue- Product' stands at $668.37 million. The estimate points to a change of +16.5% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Subscription and support' reaching $2.68 billion. The estimate indicates a year-over-year change of +36.4%.
Analysts forecast 'Revenue- Subscription and support- Support' to reach $770.34 million. The estimate suggests a change of +19% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Subscription and support- Subscription' of $1.91 billion. The estimate indicates a change of +45.6% from the prior-year quarter.
Analysts expect 'RPO (Remaining Performance Obligation)' to come in at $20.96 billion. Compared to the current estimate, the company reported $15.80 billion in the same quarter of the previous year.
Analysts predict that the 'Product gross profit Non-GAAP' will reach $518.29 million. The estimate is in contrast to the year-ago figure of $440.90 million.
Based on the collective assessment of analysts, 'Subscription and support gross profit Non-?GAAP' should arrive at $2.03 billion. Compared to the present estimate, the company reported $1.48 billion in the same quarter last year.
The consensus among analysts is that 'Subscription and support gross profit GAAP' will reach $1.99 billion. Compared to the present estimate, the company reported $1.42 billion in the same quarter last year.
It is projected by analysts that the 'Product gross profit GAAP' will reach $496.28 million. The estimate is in contrast to the year-ago figure of $437.70 million.
Shares of Palo Alto have demonstrated returns of +8% over the past month compared to the Zacks S&P 500 composite's +3.7% change. With a Zacks Rank #2 (Buy), PANW 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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Curious about Palo Alto (PANW) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts expect Palo Alto Networks (PANW - Free Report) to post quarterly earnings of $0.98 per share in its upcoming report, which indicates a year-over-year increase of 3.2%. Revenues are expected to be $3.35 billion, up 32.1% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Palo Alto metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenue- Product' stands at $668.37 million. The estimate points to a change of +16.5% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Subscription and support' reaching $2.68 billion. The estimate indicates a year-over-year change of +36.4%.
Analysts forecast 'Revenue- Subscription and support- Support' to reach $770.34 million. The estimate suggests a change of +19% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Subscription and support- Subscription' of $1.91 billion. The estimate indicates a change of +45.6% from the prior-year quarter.
Analysts expect 'RPO (Remaining Performance Obligation)' to come in at $20.96 billion. Compared to the current estimate, the company reported $15.80 billion in the same quarter of the previous year.
Analysts predict that the 'Product gross profit Non-GAAP' will reach $518.29 million. The estimate is in contrast to the year-ago figure of $440.90 million.
Based on the collective assessment of analysts, 'Subscription and support gross profit Non-?GAAP' should arrive at $2.03 billion. Compared to the present estimate, the company reported $1.48 billion in the same quarter last year.
The consensus among analysts is that 'Subscription and support gross profit GAAP' will reach $1.99 billion. Compared to the present estimate, the company reported $1.42 billion in the same quarter last year.
It is projected by analysts that the 'Product gross profit GAAP' will reach $496.28 million. The estimate is in contrast to the year-ago figure of $437.70 million.
View all Key Company Metrics for Palo Alto here>>>Shares of Palo Alto have demonstrated returns of +8% over the past month compared to the Zacks S&P 500 composite's +3.7% change. With a Zacks Rank #2 (Buy), PANW 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 >>>> .