Will Nutanix (NTNX) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Nutanix (NTNX) has consistently surpassed earnings estimates, making it a strong candidate for potential investment as it approaches its next quarterly report [1][2]. Earnings Performance - In the last reported quarter, Nutanix achieved earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of$0.20 per share by 35% [2]. - In the previous quarter, Nutanix was expected to post earnings of $0.17 per share but delivered$0.28 per share, resulting in a surprise of 64.71% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Nutanix, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][6]. - The current Earnings ESP for Nutanix is +14.92%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [6]. Zacks Rank and Success Rate - Nutanix holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high probability of beating earnings estimates [6]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in producing positive surprises [4].