VMW reports on Tuesday. A preview:
Earnings Increase Expected for Vmware
By Narrative Science
7/17/2015 @ 12:00PM
Analysts expect higher profit for Vmware when the company reports its second quarter results on Tuesday, July 21, 2015. The consensus estimate is calling for profit of 66 cents a share, reflecting a rise from 54 cents per share a year ago.
The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 67 cents. Analysts are projecting earnings of $2.94 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $1.46 billion by 9%, finishing at $1.59 billion for the quarter. For the year, revenue is projected to come in at $6.65 billion.
While the company has been profitable for the last eight quarters, income has fallen year-over-year by an average of 11% over the past four quarters. The hardest-hit quarter for the company was the second quarter, in which profit dove 32%.
The majority of analysts (59%) rate Vmware as a buy. This compares favorably to the analyst ratings of nine similar companies, which average 48% buys.
VMWare is a provider of virtual infrastructure software solutions from the desktop to the data center. It works with more than 1,300 technology partners, including leading server, microprocessor, storage, networking and software vendors. Microsoft, also in the software and programming industry, will report earnings on Tuesday, July 21, 2015. Analysts are expecting earnings of 56 cents per share for Microsoft, down 3% from last year’s earnings of 58 cents per share. Other companies in the software and programming industry with upcoming earnings release dates include: LogMeIn, Citrix and Symantec.
Earnings estimates provided by Zacks.
forbes.com
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