In the latest trading session, Nutanix (NTNX) closed at $72.85, marking a +1.96% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 1.1%.Heading into today, shares of the enterprise cloud platform services provider had gained 17.34% over the past month, outpacing the Computer and Technology sector's gain of 8.26% and the S&P 500's gain of 4.03% in that time.The i ...

The upcoming report from Nutanix (NTNX) is expected to reveal quarterly earnings of $0.17 per share, indicating an increase of 325% compared to the year-ago period. Analysts forecast revenues of $516.13 million, representing an increase of 15.1% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings release, it is ...

Core Viewpoint - Nutanix has shown strong stock performance recently, with a return of +13.7% over the past month, outperforming the S&P 500's +5% and the IT Services industry’s +6.3% [1] Earnings Estimates - Nutanix is expected to report earnings of $0.17 per share for the current quarter, reflecting a year-over-year increase of +325% [3] - The consensus earnings estimate for the current fiscal year is $1.10, indicating a year-over-year change of +83.3%, with a significant increase of +57.6% over the last 30 days [3] - For the next fiscal year, the consensus estimate is $1.33, representing a +20.9% change from the previous year, with a +7.3% increase in the last month [3] - Nutanix holds a Zacks Rank 1 (Strong Buy) due to the recent changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $516.13 million, indicating a year-over-year growth of +15.1% [5] - For the current fiscal year, the revenue estimate is $2.14 billion, reflecting a +14.8% change, while the next fiscal year's estimate is $2.49 billion, indicating a +16.2% change [5] Last Reported Results and Surprise History - In the last reported quarter, Nutanix generated revenues of $565.23 million, a year-over-year increase of +16.2%, and an EPS of $0.46 compared to $0.12 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $551.82 million by +2.43%, and the EPS surprise was +58.62% [6] - Nutanix has consistently beaten consensus EPS and revenue estimates in the last four quarters [6] Valuation - Nutanix is graded F in terms of valuation, indicating it is trading at a premium compared to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [7][8] Bottom Line - The information presented suggests that Nutanix may outperform the broader market in the near term, supported by its strong Zacks Rank [10]

Core Viewpoint - Brokerage recommendations, particularly for Nutanix (NTNX), indicate a strong buy sentiment, but investors should be cautious as these recommendations may not always align with actual stock performance [1][2][5]. Group 1: Brokerage Recommendations - Nutanix has an average brokerage recommendation (ABR) of 1.50, suggesting a position between Strong Buy and Buy, based on 14 brokerage firms [1]. - Out of the 14 recommendations, nine are classified as Strong Buy (64.3%) and three as Buy (21.4%) [1]. - Despite the positive ABR, studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with the highest price increase potential [2][5]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of near-term stock performance compared to the ABR, which is solely based on brokerage recommendations [4][5]. - The Zacks Rank is displayed in whole numbers (1 to 5) and maintains a balance among the ranks, while the ABR is typically shown in decimals [4][5]. - The Zacks Rank is updated more frequently, reflecting timely changes in earnings estimates, unlike the potentially outdated ABR [6]. Group 3: Earnings Estimates for Nutanix - The Zacks Consensus Estimate for Nutanix has increased by 57.6% over the past month to $1.10, indicating growing analyst optimism regarding the company's earnings prospects [7]. - This significant change in consensus estimates, along with other factors, has led to a Zacks Rank of 1 (Strong Buy) for Nutanix, suggesting a potential for stock price appreciation [7].

Nutanix (NTNX) closed the latest trading day at $67.58, indicating no change from the previous session's end. This change lagged the S&P 500's 0.17% gain on the day. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw a decrease of 0.03%.Shares of the enterprise cloud platform services provider witnessed a gain of 5.18% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.39% and the S&P 500's gain of 0.17%.The investme ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Nutanix (NTNX) . This company, which is in the Zacks Computers - IT Services industry, shows potential for another earnings beat.This enterprise cloud platform services provider has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise f ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 30:SkyWest, Inc. (SKYW) : This company that operates a regional airline has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.SkyWest's shares gained 40.8% over the last three months compared with the S&P 500’s advance of 4.2%. The company possesses a Momentum Score of A.Pilgrim'sPride Corporation (PPC) : This poultry and m ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Vacasa, Inc. (VCSA) :  This vacation rental management company has seen the Zacks Consensus Estimate for its current year earnings increasing 23.8% over the last 60 days.PubMatic, Inc. (PUBM) : This technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 50% over the last 60 days.Nutanix, Inc. (NTNX) : This cloud platform provider has seen the Zacks Consensus Estimate for its current year earnin ...

The most recent trading session ended with Nutanix (NTNX) standing at $60.89, reflecting no shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.46%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.Heading into today, shares of the enterprise cloud platform services provider had lost 1.68% over the past month, outpacing the Computer and Technology sector's loss of 5.01% and the S&P 500's loss of 3.04% in that time.The in ...

Nutanix (NTNX) ended the recent trading session at $58.75, demonstrating a -1.31% swing from the preceding day's closing price. This change lagged the S&P 500's 0.88% loss on the day. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.Prior to today's trading, shares of the enterprise cloud platform services provider had lost 4.72% over the past month. This has lagged the Computer and Technology sector's loss of 3.33% and the S&P 500's loss of 2.57% in that time.Analysts and investors a ...