Here is What to Know Beyond Why NetApp, Inc. (NTAP) is a Trending Stock

Core Viewpoint - NetApp has shown a positive stock performance with a return of +6.7% over the past month, contrasting with the S&P 500's -0.3% and the Computer-Storage Devices industry's -5.2% [1] Earnings Estimate Revisions - NetApp is expected to report earnings of $1.80 per share for the current quarter, reflecting a year-over-year increase of +16.9% [2] - The consensus earnings estimate for the current fiscal year is $6.47, indicating a year-over-year change of +15.7%, which has remained unchanged over the last 30 days [3] - For the next fiscal year, the consensus estimate is $6.65, showing a change of +2.8% from the previous year, also unchanged over the past month [3] - NetApp holds a Zacks Rank 2 (Buy), indicating strong potential for near-term price performance based on earnings estimate revisions [3] Projected Revenue Growth - The consensus sales estimate for the current quarter is $1.66 billion, representing a year-over-year change of +5.1% [4] - For the current fiscal year, the revenue estimate is $6.26 billion, indicating a -1.6% change, while the next fiscal year's estimate is $6.51 billion, reflecting a +4% change [4] Last Reported Results and Surprise History - In the last reported quarter, NetApp achieved revenues of $1.61 billion, a year-over-year increase of +5.2%, and an EPS of $1.94 compared to $1.37 a year ago [5] - The reported revenues exceeded the Zacks Consensus Estimate of $1.59 billion by +0.85%, and the EPS surprise was +14.79% [5] - NetApp has consistently beaten consensus EPS and revenue estimates in the last four quarters [5] Valuation - Valuation metrics such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether NetApp's stock is fairly valued [6] - NetApp is graded C in the Zacks Value Style Score, indicating it is trading at par with its peers [8] Bottom Line - The information suggests that NetApp may outperform the broader market in the near term, supported by its Zacks Rank 2 [9]