Nutanix (NASDAQ:NTNX) Issues Q1 Earnings Guidance

Nutanix (NASDAQ:NTNX) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.75) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.56). Nutanix also updated its Q1 2020 guidance to $-0.75–0.75 EPS.

Shares of NASDAQ NTNX traded up $5.80 during mid-day trading on Thursday, hitting $25.40. 699,280 shares of the stock traded hands, compared to its average volume of 3,741,648. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.41 and a current ratio of 2.41. Nutanix has a 52 week low of $17.74 and a 52 week high of $63.38. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -15.27 and a beta of 1.35. The stock has a fifty day moving average price of $21.91 and a 200-day moving average price of $33.39.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.57) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.07. Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $293.49 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Nutanix will post -3.28 EPS for the current fiscal year.

Several equities research analysts recently weighed in on NTNX shares. Jefferies Financial Group dropped their price target on Nutanix from $49.00 to $40.00 and set a buy rating on the stock in a research report on Friday, May 31st. William Blair restated an outperform rating on shares of Nutanix in a research report on Monday, May 13th. Royal Bank of Canada dropped their target price on Nutanix from $39.00 to $32.00 and set an outperform rating on the stock in a report on Wednesday. Needham & Company LLC set a $46.00 target price on Nutanix and gave the stock a buy rating in a report on Thursday, August 22nd. Finally, KeyCorp dropped their target price on Nutanix from $48.00 to $40.00 and set an overweight rating on the stock in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $38.38.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

Further Reading: Earnings Per Share

Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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