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Nutanix (NTNX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Nutanix (NTNX - Free Report) ended the recent trading session at $70.71, demonstrating a -2.7% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Shares of the enterprise cloud platform services provider witnessed a gain of 3.21% over the previous month, beating the performance of the Computer and Technology sector with its loss of 3.14%, and the S&P 500's gain of 0.87%.
Analysts and investors alike will be keeping a close eye on the performance of Nutanix in its upcoming earnings disclosure. The company is expected to report EPS of $0.6, up 46.34% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $761.76 million, showing a 13.6% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.31 per share and revenue of $3.21 billion, indicating changes of +13.24% and +12.44%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nutanix. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Nutanix boasts a Zacks Rank of #3 (Hold).
Investors should also note Nutanix's current valuation metrics, including its Forward P/E ratio of 31.47. For comparison, its industry has an average Forward P/E of 14.9, which means Nutanix is trading at a premium to the group.
Also, we should mention that NTNX has a PEG ratio of 1.82. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services was holding an average PEG ratio of 1.32 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 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.
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
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Nutanix (NTNX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Nutanix (NTNX - Free Report) ended the recent trading session at $70.71, demonstrating a -2.7% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Shares of the enterprise cloud platform services provider witnessed a gain of 3.21% over the previous month, beating the performance of the Computer and Technology sector with its loss of 3.14%, and the S&P 500's gain of 0.87%.
Analysts and investors alike will be keeping a close eye on the performance of Nutanix in its upcoming earnings disclosure. The company is expected to report EPS of $0.6, up 46.34% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $761.76 million, showing a 13.6% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.31 per share and revenue of $3.21 billion, indicating changes of +13.24% and +12.44%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nutanix. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Nutanix boasts a Zacks Rank of #3 (Hold).
Investors should also note Nutanix's current valuation metrics, including its Forward P/E ratio of 31.47. For comparison, its industry has an average Forward P/E of 14.9, which means Nutanix is trading at a premium to the group.
Also, we should mention that NTNX has a PEG ratio of 1.82. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computers - IT Services was holding an average PEG ratio of 1.32 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.