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.
Nutanix (NTNX - Free Report) closed at $71.52 in the latest trading session, marking a +1.58% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.04%.
Shares of the enterprise cloud platform services provider witnessed a gain of 5.33% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.78%, and the S&P 500's loss of 0.35%.
The upcoming earnings release of Nutanix will be of great interest to investors. The company's upcoming EPS is projected at $0.6, signifying a 46.34% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $761.76 million, showing a 13.6% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.31 per share and a revenue of $3.21 billion, indicating changes of +13.24% and +12.44%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Nutanix. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 witnessed a 2.3% increase. As of now, Nutanix holds a Zacks Rank of #2 (Buy).
In terms of valuation, Nutanix is currently trading at a Forward P/E ratio of 30.5. For comparison, its industry has an average Forward P/E of 12.53, which means Nutanix is trading at a premium to the group.
We can also see that NTNX currently has a PEG ratio of 1.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. NTNX's industry had an average PEG ratio of 1.35 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Nutanix (NTNX) Laps the Stock Market: Here's Why
Nutanix (NTNX - Free Report) closed at $71.52 in the latest trading session, marking a +1.58% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.04%.
Shares of the enterprise cloud platform services provider witnessed a gain of 5.33% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.78%, and the S&P 500's loss of 0.35%.
The upcoming earnings release of Nutanix will be of great interest to investors. The company's upcoming EPS is projected at $0.6, signifying a 46.34% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $761.76 million, showing a 13.6% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.31 per share and a revenue of $3.21 billion, indicating changes of +13.24% and +12.44%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Nutanix. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 witnessed a 2.3% increase. As of now, Nutanix holds a Zacks Rank of #2 (Buy).
In terms of valuation, Nutanix is currently trading at a Forward P/E ratio of 30.5. For comparison, its industry has an average Forward P/E of 12.53, which means Nutanix is trading at a premium to the group.
We can also see that NTNX currently has a PEG ratio of 1.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. NTNX's industry had an average PEG ratio of 1.35 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.