NetApp Earnings Preview: Can This Streak Continue?

NetApp (NASDAQ:NTAP) will report earnings after markets close on Tuesday, May 21st. NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.

Here is your Cheat Sheet to Netapp Earnings:

Earnings Expectations: Analysts expect earnings of $0.68 per share on revenues of $1.76 billion. Currently, the company’s P/E ratio stands at 25.82.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.52 to a profit $0.54. For the current year, the average estimate is a profit of $2.28, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Netapp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,303 3,406 3,931 5,123 6,233
Diluted EPS ($) 0.86 0.19 1.13 1.71 1.58

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 1,566 1,702 1,445 1,541 1,630
Diluted EPS ($) 0.32 0.4732 0.17 0.30 0.43

Past Performance:
Netapp has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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