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What Analyst Projections for Key Metrics Reveal About Cisco (CSCO) Q1 Earnings
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Analysts on Wall Street project that Cisco Systems (CSCO - Free Report) will announce quarterly earnings of $1.33 per share in its forthcoming report, representing an increase of 33% year over year. Revenues are projected to reach $18.09 billion, increasing 21.5% 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.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Cisco metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Product' of $14.26 billion. The estimate indicates a year-over-year change of +28.7%.
The consensus estimate for 'Revenue- Services' stands at $3.84 billion. The estimate indicates a change of +1% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Product- Security' will reach $2.05 billion. The estimate indicates a year-over-year change of +3.5%.
The average prediction of analysts places 'Revenue- Product- Observability' at $281.40 million. The estimate suggests a change of +2.7% year over year.
Based on the collective assessment of analysts, 'Revenue- Product- Networking' should arrive at $10.79 billion. The estimate indicates a change of +38.9% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Product- Collaboration' will likely reach $1.15 billion. The estimate suggests a change of +8.8% year over year.
According to the collective judgment of analysts, 'Non-Gaap Gross Margin- Services' should come in at $2.74 billion. The estimate compares to the year-ago value of $2.69 billion.
Analysts expect 'Non-Gaap Gross Margin- Product' to come in at $9.13 billion. The estimate compares to the year-ago value of $7.45 billion.
Over the past month, shares of Cisco have returned -20.7% versus the Zacks S&P 500 composite's -5.6% change. Currently, CSCO carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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What Analyst Projections for Key Metrics Reveal About Cisco (CSCO) Q1 Earnings
Analysts on Wall Street project that Cisco Systems (CSCO - Free Report) will announce quarterly earnings of $1.33 per share in its forthcoming report, representing an increase of 33% year over year. Revenues are projected to reach $18.09 billion, increasing 21.5% 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.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Cisco metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Product' of $14.26 billion. The estimate indicates a year-over-year change of +28.7%.
The consensus estimate for 'Revenue- Services' stands at $3.84 billion. The estimate indicates a change of +1% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Product- Security' will reach $2.05 billion. The estimate indicates a year-over-year change of +3.5%.
The average prediction of analysts places 'Revenue- Product- Observability' at $281.40 million. The estimate suggests a change of +2.7% year over year.
Based on the collective assessment of analysts, 'Revenue- Product- Networking' should arrive at $10.79 billion. The estimate indicates a change of +38.9% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Product- Collaboration' will likely reach $1.15 billion. The estimate suggests a change of +8.8% year over year.
According to the collective judgment of analysts, 'Non-Gaap Gross Margin- Services' should come in at $2.74 billion. The estimate compares to the year-ago value of $2.69 billion.
Analysts expect 'Non-Gaap Gross Margin- Product' to come in at $9.13 billion. The estimate compares to the year-ago value of $7.45 billion.
View all Key Company Metrics for Cisco here>>>Over the past month, shares of Cisco have returned -20.7% versus the Zacks S&P 500 composite's -5.6% change. Currently, CSCO carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .