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Palo Alto Networks, Ambarella, Broadcom and More Major Earnings Coming This Week
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The U.S. markets didn’t get much traction again this week, as the main part of earnings season has come to a close. Although most companies already have reported earnings, there are a few notable ones sharing their results this week.
24/7 Wall St. has put together a preview of some of the top companies reporting their latest results in the coming week. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
Palo Alto Networks Inc. (NYSE: PANW) is set to report its most recent quarterly results on Monday. Analysts are looking for $0.96 in earnings per share (EPS) and $545.68 million in revenue. Shares closed last week at $209.19, with a consensus price target of $205.09 and a 52-week trading range of $126.56 to $211.71.
Ambarella Inc. (NASDAQ: AMBA) is expected to report its fiscal first-quarter results on Tuesday. The analysts’ consensus forecast is EPS of $0.09 on $56.14 million in revenue. Shares were changing hands at $49.15 as last week came to a close. The consensus price target is $59.38, and the stock has a 52-week range of $40.06 to $66.23.
Cloudera Inc. (NYSE: CLDR) will share its latest quarterly earnings on Tuesday as well. The consensus estimates call for a net loss of $0.18 per share and $101.52 million in revenue. Shares ended last week at $16.63, in a 52-week range of $12.57 to $23.32. The consensus analyst target is $18.33.
Broadcom Inc. (NASDAQ: AVGO) is scheduled to release its most recent quarterly results on Thursday. The consensus forecast calls for $4.76 in EPS and $5.01 billion in revenue. Shares traded on Friday’s close at $256.34. The consensus price target is $310.34, and the 52-week range is $221.98 to $285.68.
DocuSign Inc. (NASDAQ: DOCU) also will report its most recent quarterly results on Thursday. The consensus estimates call for a net loss of $0.07 per share and $145.72 million in revenue. Shares were last seen trading at $50.12, in a post-IPO range of $37.00 to $51.20. The consensus price target is $51.20.
Look for Stitch Fix Inc. (NASDAQ: SFIX) to release its most recent quarterly report early Thursday. The consensus forecast calls for $0.03 in EPS on $306.35 million in revenue. Shares closed at $18.98 on Friday. The consensus target price is $26.83, and shares have changed hands between $14.48 and $30.07 in the past year.
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