Brokerages expect Nutanix Inc (NASDAQ:NTNX) to announce earnings of ($0.64) per share for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Nutanix’s earnings. The highest EPS estimate is ($0.61) and the lowest is ($0.66). Nutanix reported earnings of ($0.11) per share in the same quarter last year, which would suggest a negative year over year growth rate of 481.8%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 28th.

According to Zacks, analysts expect that Nutanix will report full-year earnings of ($1.57) per share for the current fiscal year, with EPS estimates ranging from ($1.59) to ($1.54). For the next fiscal year, analysts forecast that the company will report earnings of ($1.96) per share, with EPS estimates ranging from ($2.51) to ($0.93). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Nutanix.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.12). Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The business had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $297.20 million. During the same period in the previous year, the company earned ($0.21) earnings per share. Nutanix’s quarterly revenue was up .0% on a year-over-year basis.

A number of equities research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Nutanix from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Maxim Group set a $48.00 price objective on shares of Nutanix and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC dropped their price objective on shares of Nutanix from $63.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. BTIG Research dropped their price objective on shares of Nutanix to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Piper Jaffray Companies downgraded shares of Nutanix from an “overweight” rating to a “neutral” rating and set a $25.75 price objective on the stock. in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Nutanix currently has a consensus rating of “Hold” and a consensus price target of $41.52.

Several institutional investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL boosted its holdings in shares of Nutanix by 1.9% in the 1st quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock valued at $604,000 after buying an additional 300 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in shares of Nutanix by 4.5% in the 1st quarter. First Republic Investment Management Inc. now owns 8,182 shares of the technology company’s stock valued at $309,000 after buying an additional 355 shares in the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of Nutanix by 3.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 11,959 shares of the technology company’s stock valued at $451,000 after buying an additional 390 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Nutanix by 31.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock valued at $78,000 after buying an additional 725 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Nutanix by 98.5% in the 1st quarter. Parallel Advisors LLC now owns 1,552 shares of the technology company’s stock valued at $59,000 after buying an additional 770 shares in the last quarter. Institutional investors and hedge funds own 62.09% of the company’s stock.

NTNX traded down $0.59 during trading hours on Friday, hitting $18.14. 23,543 shares of the company’s stock were exchanged, compared to its average volume of 3,900,236. Nutanix has a 12-month low of $18.33 and a 12-month high of $63.38. The stock’s 50 day moving average price is $23.98. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -10.81 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.41 and a current ratio of 2.41.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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