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What Analyst Projections for Key Metrics Reveal About Palo Alto (PANW) Q1 Earnings
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Wall Street analysts expect Palo Alto Networks (PANW - Free Report) to post quarterly earnings of $0.97 per share in its upcoming report, which indicates a year-over-year increase of 4.3%. Revenues are expected to be $3.31 billion, up 33.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Palo Alto metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenue- Product' will reach $539.10 million. The estimate suggests a change of +24.2% year over year.
Analysts' assessment points toward 'Revenue- Subscription and support' reaching $2.77 billion. The estimate points to a change of +35.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Subscription and support- Support' should arrive at $828.93 million. The estimate indicates a change of +22.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Subscription and support- Subscription' will likely reach $1.94 billion. The estimate indicates a change of +42.1% from the prior-year quarter.
Analysts forecast 'RPO (Remaining Performance Obligation)' to reach $20.85 billion. The estimate is in contrast to the year-ago figure of $15.50 billion.
According to the collective judgment of analysts, 'Product gross profit Non-GAAP' should come in at $424.34 million. Compared to the present estimate, the company reported $348.00 million in the same quarter last year.
Analysts expect 'Subscription and support gross profit Non-?GAAP' to come in at $2.06 billion. The estimate compares to the year-ago value of $1.55 billion.
The consensus estimate for 'Subscription and support gross profit GAAP' stands at $1.99 billion. Compared to the current estimate, the company reported $1.49 billion in the same quarter of the previous year.
The average prediction of analysts places 'Product gross profit GAAP' at $398.84 million. Compared to the current estimate, the company reported $345.00 million in the same quarter of the previous year.
Palo Alto shares have witnessed a change of -12.9% in the past month, in contrast to the Zacks S&P 500 composite's -2.6% move. With a Zacks Rank #3 (Hold), PANW is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Palo Alto (PANW) Q1 Earnings
Wall Street analysts expect Palo Alto Networks (PANW - Free Report) to post quarterly earnings of $0.97 per share in its upcoming report, which indicates a year-over-year increase of 4.3%. Revenues are expected to be $3.31 billion, up 33.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Palo Alto metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenue- Product' will reach $539.10 million. The estimate suggests a change of +24.2% year over year.
Analysts' assessment points toward 'Revenue- Subscription and support' reaching $2.77 billion. The estimate points to a change of +35.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Subscription and support- Support' should arrive at $828.93 million. The estimate indicates a change of +22.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Subscription and support- Subscription' will likely reach $1.94 billion. The estimate indicates a change of +42.1% from the prior-year quarter.
Analysts forecast 'RPO (Remaining Performance Obligation)' to reach $20.85 billion. The estimate is in contrast to the year-ago figure of $15.50 billion.
According to the collective judgment of analysts, 'Product gross profit Non-GAAP' should come in at $424.34 million. Compared to the present estimate, the company reported $348.00 million in the same quarter last year.
Analysts expect 'Subscription and support gross profit Non-?GAAP' to come in at $2.06 billion. The estimate compares to the year-ago value of $1.55 billion.
The consensus estimate for 'Subscription and support gross profit GAAP' stands at $1.99 billion. Compared to the current estimate, the company reported $1.49 billion in the same quarter of the previous year.
The average prediction of analysts places 'Product gross profit GAAP' at $398.84 million. Compared to the current estimate, the company reported $345.00 million in the same quarter of the previous year.
View all Key Company Metrics for Palo Alto here>>>Palo Alto shares have witnessed a change of -12.9% in the past month, in contrast to the Zacks S&P 500 composite's -2.6% move. With a Zacks Rank #3 (Hold), PANW is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .