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) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Nutanix (NTNX - Free Report) closed the most recent trading day at $67.21, moving -4.95% from the previous trading session. This change lagged the S&P 500's 1.82% loss on the day. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
Prior to today's trading, shares of the enterprise cloud platform services provider had lost 1.13% was narrower than the Computer and Technology sector's loss of 6.04% and lagged the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of Nutanix in its upcoming release. On that day, Nutanix is projected to report earnings of $0.6 per share, which would represent year-over-year growth of 46.34%. Our most recent consensus estimate is calling for quarterly revenue of $761.76 million, up 13.6% from the year-ago period.
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 pay attention to any latest changes in analyst estimates for Nutanix. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Nutanix holds a Zacks Rank of #3 (Hold).
Looking at valuation, Nutanix is presently trading at a Forward P/E ratio of 30.63. This denotes a premium relative to the industry average Forward P/E of 15.12.
It's also important to note that NTNX currently trades at a PEG ratio of 1.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.2.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 149, placing it within the bottom 40% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Nutanix (NTNX) Registers a Bigger Fall Than the Market: Important Facts to Note
Nutanix (NTNX - Free Report) closed the most recent trading day at $67.21, moving -4.95% from the previous trading session. This change lagged the S&P 500's 1.82% loss on the day. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
Prior to today's trading, shares of the enterprise cloud platform services provider had lost 1.13% was narrower than the Computer and Technology sector's loss of 6.04% and lagged the S&P 500's gain of 0.71%.
The investment community will be paying close attention to the earnings performance of Nutanix in its upcoming release. On that day, Nutanix is projected to report earnings of $0.6 per share, which would represent year-over-year growth of 46.34%. Our most recent consensus estimate is calling for quarterly revenue of $761.76 million, up 13.6% from the year-ago period.
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 pay attention to any latest changes in analyst estimates for Nutanix. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Nutanix holds a Zacks Rank of #3 (Hold).
Looking at valuation, Nutanix is presently trading at a Forward P/E ratio of 30.63. This denotes a premium relative to the industry average Forward P/E of 15.12.
It's also important to note that NTNX currently trades at a PEG ratio of 1.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.2.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 149, placing it within the bottom 40% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.