Arista Networks Inc <ANET.N> expected to post earnings of $1.95 a share - Earnings Preview
Arista Networks Inc ANET.N, ANET.K is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024
The Santa Clara California-based company is expected to report a 13.2% increase in revenue to $1.651 billion from $1.46 billion a year ago, according to the mean estimate from 17 analysts, based on LSEG data.The company's guidance on May 7 2024, for the period ended June 30, was for revenue between $1.62 billion and $1.65 billion.
LSEG's mean analyst estimate for Arista Networks Inc is for earnings of $1.95 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts had risen by about 0.2% in the last three months.
Wall Street's median 12-month price target for Arista Networks Inc is $345.00, above its last closing price of $319.21.
The company's guidance on May 7 2024 for the period ended June 30 was for Earnings before Interest and Taxes between USD712.8 million and USD726 million.The company's guidance on May 7 2024 for the period ended June 30 was for gross profit margin of USD64%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Mar. 31 2024 | 1.77 | 1.74 | 1.99 | Beat | 14.3 |
Dec. 31 2024 | 1.71 | 1.70 | 2.08 | Beat | 22.1 |
Sep. 30 2023 | 1.59 | 1.58 | 1.83 | Beat | 15.8 |
Jun. 30 2023 | 1.45 | 1.44 | 1.58 | Beat | 9.9 |
Mar. 31 2023 | 1.35 | 1.34 | 1.43 | Beat | 6.4 |
Jan. 1 0001 | 1.22 | 1.21 | 1.41 | Beat | 16.3 |
Sep. 30 2022 | 1.05 | 1.04 | 1.25 | Beat | 19.9 |
Jun. 30 2022 | 0.92 | 0.91 | 1.08 | Beat | 18.4 |
This summary was machine generated July 26 at 23:04 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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