Arista Networks Q4 Earnings Preview
On Thursday, Arista Networks (NYSE: ANET) will release its latest earnings report. Benzinga's outlook for Arista Networks is included in the following report.
Earnings and Revenue
Analysts expect Arista Networks earnings of $1.41. Revenue will likely be around $458.56 million, according to the consensus estimate.
Arista Networks reported a profit of $1.04 when it published results during the same quarter last year. Sales in that period totaled $327.96 million. If the company were to report inline earnings when it publishes results Thursday, earnings would be up 35.58 percent. Revenue would be up 39.82 percent from the year-ago period.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | 1.19 | 0.95 | 0.86 | 0.82 |
EPS Actual | 1.62 | 1.34 | 0.93 | 1.04 |
Stock Performance
Over the last 52-week period, shares are up 192.87 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. The popular rating by analysts on Arista Networks stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
The Arista Networks's Q4 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: https://www.arista.com/en/
Posted-In: Earnings News Previews Trading Ideas
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