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In particular, the company has beaten the Zacks consensus estimates in each of the past four quarters, with the average positive surprise being 29.13%.
During the last quarter published, Nutanix suffered a loss of 56 cents per share, which is lower than Zacks' consensus estimate of 60 cents. This figure was however larger than the 21-cent loss recorded in the corresponding quarter of the previous year.
In addition, revenues decreased 0.6% from the same quarter last year, to $ 287.6 million, and also fell short of the consensus estimate. $ 296 million.Nutanix Inc. NTNX is expected to release its fourth quarter results of fiscal year 2019 on August 28th.
In particular, the company has beaten the Zacks consensus estimates in each of the past four quarters, with the average positive surprise being 29.13%.
During the last quarter published, Nutanix suffered a loss of 56 cents per share, which is lower than Zacks' consensus estimate of 60 cents. This figure was however larger than the 21-cent loss recorded in the corresponding quarter of the previous year.
In addition, revenues decreased 0.6% from the same quarter last year, to $ 287.6 million, and were also lower than the previous year's estimate. consensus of $ 296 million.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Nutanix Inc. EPS price and surprise"data-reactid =" 12 ">Nutanix Inc. EPS price and surprise
Nutanix Inc. EPS price and surprise
Nutanix Inc. price-eps-surprise | Quote from Nutanix Inc.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What to expect in Q4
For the fourth quarter of the year, the Company expects revenues to be in the range of $ 280 million to $ 310 million, down 3% from $ 295 million a year ago. The Zacks consensus estimate for revenue is estimated at $ 293.27 million.
Nutanix expects a non-GAAP loss of 65 cents per share. The consensus estimate Zacks shows a loss of 64 cents. The expected loss is significantly higher than the loss of 11 cents recorded in the fourth quarter of fiscal 2018.
Let's see how things are getting ready for the next announcement.
Factors to consider
Nutanix benefits from winning contracts through consistent product execution, customer support and business sales, leading to deeper penetration of existing customers. A good portfolio of large contracts should be an unfavorable factor for fourth quarter fiscal revenue.
The company continues to witness a strong adoption of its products. This trend is expected to contribute to Nutanix's upcoming quarter performance. The increase in the adoption rate of the AVS (Acropolis Hypervisor Virtualization) is expected to boost sales. In addition, the continued growth of new solutions outside of the main HCI platform is also encouraging.
However, the results could be significantly affected by the imbalance in lead generation costs, coupled with slower than expected hiring. In the last quarter, the company's efforts to accelerate lead generation are expected to take a few quarters to be reflected in its performance.
The leadership changes, which affected the third fiscal quarter, are also expected to have a negative impact on the fourth fiscal quarter.
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The company also expects extended sales cycles due to the transition from its business model to a subscription-based model to constitute a surplus of revenue. The new term-based software licenses, which have a higher deferral of revenue over the life of the device licenses, are expected to reduce the initial revenue for the quarter.
In addition, intense competition from VMware VMW and Cisco CSCO is a concern.
What does the Zacks model say?
The proven Zacks model shows that a company with a Tier 1 (strong buy), 2 (buy) or 3 (standby) ranking is likely to exceed the estimates if it also has a Positive ESP. It is best to avoid ranked actions (Zacks Rank # 4 or 5).
Nutanix has a Zacks ranking No. 4 and a CSR gains of + 4.80%. You can discover the best stocks to buy or sell before they are declared with our earnings ESP filter.
Stock to consider
Here is a headline to consider with the right combination of items to beat this season's earnings estimates:
The COO of Cooper Companies, Inc. has a profit ESP of + 1.50% and a rank of Zacks # 2. You can see the complete list of the current ranks of Zacks n ° 1.
It's illegal in 42 states, but investors will legally make billions
In addition to the companies listed above, today you get detailed information about the newly legalized sector, which operates a "habit" that Americans spend about $ 150 billion a year.
That's twice as much as they spend on marijuana, legally or not.
Special report Zacks revealing how investors can take advantage of this new opportunity. Like more states & nbsp; By legalizing this activity, the industry could grow up to 15X. Zacks' just published a special issue & nbsp; Report revealing the 5 most powerful values to watch in this space.
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& nbsp; "data-reactid =" 25 ">What to expect in Q4
For the fourth quarter of the year, the Company expects revenues to be in the range of $ 280 million to $ 310 million, down 3% from $ 295 million a year ago. The Zacks consensus estimate for revenue is estimated at $ 293.27 million.
Nutanix expects a non-GAAP loss of 65 cents per share. The consensus estimate Zacks shows a loss of 64 cents. The expected loss is significantly higher than the loss of 11 cents recorded in the fourth quarter of fiscal 2018.
Let's see how things are getting ready for the next announcement.
Factors to consider
Nutanix benefits from winning contracts through consistent product execution, customer support and business sales, leading to deeper penetration of existing customers. A good portfolio of large contracts should be an unfavorable factor for fourth quarter fiscal revenue.
The company continues to witness a strong adoption of its products. This trend is expected to contribute to Nutanix's upcoming quarter performance. The increase in the adoption rate of the AVS (Acropolis Hypervisor Virtualization) is expected to boost sales. In addition, the continued growth of new solutions outside of the main HCI platform is also encouraging.
However, the results could be significantly affected by the imbalance in lead generation costs, coupled with slower than expected hiring. In the last quarter, the company's efforts to accelerate lead generation are expected to take a few quarters to be reflected in its performance.
The leadership changes, which affected the third fiscal quarter, are also expected to have a negative impact on the fourth fiscal quarter.
The company also expects extended sales cycles due to the transition from its business model to a subscription-based model to constitute a surplus of revenue. The new term-based software licenses, which have a higher deferral of revenue over the life of the device licenses, are expected to reduce the initial revenue for the quarter.
In addition, intense competition from VMware VMW and Cisco CSCO is a concern.
What does the Zacks model say?
The proven Zacks model shows that a company with a Tier 1 (strong buy), 2 (buy) or 3 (standby) ranking is likely to exceed the estimates if it also has a Positive ESP. It is best to avoid ranked actions (Zacks Rank # 4 or 5).
Nutanix has a Zacks ranking No. 4 and a CSR gains of + 4.80%. You can discover the best stocks to buy or sell before they are declared with our earnings ESP filter.
Stock to consider
Here is a headline to consider with the right combination of items to beat this season's earnings estimates:
The COO of Cooper Companies, Inc. has a profit ESP of + 1.50% and a rank of Zacks # 2. You can see the complete list of the current ranks of Zacks n ° 1.
It's illegal in 42 states, but investors will legally make billions
In addition to the companies listed above, today you get detailed information about the newly legalized sector, which operates a "habit" that Americans spend about $ 150 billion a year.
That's twice as much as they spend on marijuana, legally or not.
Special report Zacks revealing how investors can take advantage of this new opportunity. As more and more states legalize this activity, the sector could grow up to 15X. Zacks' has just published a special report revealing the 5 most powerful values to watch in this space.
See these 5 "sin stocks" now >>
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
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Nutanix Inc. (NTNX): Free Stock Analysis Report
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VMware, Inc. (VMW): Free Stock Analysis Report
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The Cooper Companies, Inc. (COO): Report of Analysis of Free Shares
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To read this article on Zacks.com, click here.
& nbsp;
Zacks Investment Research"data-reactid =" 26 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Nutanix Inc. (NTNX): Free Stock Analysis Report
VMware, Inc. (VMW): Free Stock Analysis Report
The Cooper Companies, Inc. (COO): Report of Analysis of Free Shares
To read this article on Zacks.com, click here.
Zacks Investment Research
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