NetApp (NTAP) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - Analysts expect NetApp (NTAP) to report quarterly earnings of $1.46 per share, reflecting a year-over-year increase of 27% [1] - Revenue is projected to be $1.53 billion, which is a 7.1% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Revenue Estimates - 'Revenue- Product' is expected to reach $672.40 million, indicating a year-over-year change of +14% [2] - 'Net Service revenue' is estimated at $861.81 million, reflecting a +2.4% change year-over-year [2] - 'Net Revenue- Public Cloud' is projected to be $157.06 million, showing a +2% increase from the previous year [2] Additional Revenue Metrics - 'Revenue- Professional and Other Services' is forecasted at $81.54 million, suggesting a +5.9% year-over-year change [3] - 'Revenue- Support' is expected to be $623.33 million, indicating a +2% change from the prior year [3] - 'Net Revenue- Hybrid Cloud' is projected to reach $1.38 billion, reflecting a +7.8% increase year-over-year [3] Margin Estimates - 'Gross margin - Product - Non GAAP' is expected to be 60.2%, up from 55.3% in the previous year [3] - 'Services gross margin - Non-GAAP' is estimated at 81.2%, slightly down from 81.5% year-over-year [3] Geographic Mix - 'Geographic Mix- Asia-Pacific' is projected to be 15.3%, down from 16% in the same quarter last year [3] - 'Americas - Reported' is expected to be 51.0%, compared to 53% in the same quarter of the previous year [4] - 'Geographic Mix- EMEA' is estimated at 33.7%, up from 31% in the same quarter last year [4] Billings and Market Performance - Estimated 'Billings' are projected at $1.34 billion, compared to $1.30 billion in the same quarter last year [4] - Over the past month, NetApp shares have returned +4.8%, outperforming the Zacks S&P 500 composite's +0.3% change [4]