NetApp(NTAP) ZACKS·2025-02-27 23:15Group 1: Earnings Performance - NetApp reported quarterly earnings of 1.94 per share a year ago [1] - The company posted revenues of 1.61 billion year-over-year [2] - Over the last four quarters, NetApp has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2][1] Group 2: Stock Performance and Outlook - NetApp shares have increased approximately 7.2% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The company's earnings outlook is crucial for determining future stock movements, with current consensus EPS estimates at 1.76 billion in revenues for the coming quarter and 6.66 billion in revenues for the current fiscal year [4][7] - The estimate revisions trend for NetApp is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3: Industry Context - The Computer-Storage Devices industry, to which NetApp belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]