Nutanix(US:NTNX) ZACKSยท2024-07-08 22:55Company Performance - Nutanix (NTNX) closed at $59.60, reflecting a -0.83% change from the previous day, underperforming the S&P 500's gain of 0.1% [1] - The stock has increased by 14.76% over the past month, outperforming the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08% [1] - The upcoming earnings report is expected to show an EPS of $0.19, a decrease of 20.83% year-over-year, with revenue anticipated at $536.81 million, an increase of 8.62% from the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.22 per share, representing a 103.33% increase from the prior year, with revenue expected to reach $2.14 billion, indicating a 14.75% increase [2] - Recent modifications to analyst estimates reflect changing business trends, with positive revisions indicating analyst optimism regarding the company's profitability [2] Valuation Metrics - Nutanix currently has a Forward P/E ratio of 49.39, which is a premium compared to the industry average of 27.11 [3] - The company holds a PEG ratio of 1.22, significantly lower than the industry average PEG ratio of 3.05 [3] Industry Context - The Computers - IT Services industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 65, placing it in the top 26% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]