Palo Alto Networks (NYSE: PANW) unveils its next round of earnings this Monday, August 24. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
Sell-side analysts expect Palo Alto Networks's EPS to be near $1.39 on sales of $922.34 million. Palo Alto Networks reported a profit of $1.47 per share when it published results during the same quarter last year. Sales in that period totaled $805.80 million. If the company were to match the consensus estimate, earnings per share would be down 5.44%. Revenue would be up 11.19% from the year-ago period. Here's how the company's reported EPS has compared to analyst estimates in the past:
Palo Alto Networks (NYSE:PANW) is scheduled to announce Q4 earnings results on Monday, August 24th, after market close.
The consensus EPS Estimate is $1.39 (-5.4% Y/Y) and the consensus Revenue Estimate is $924.29M (+14.7% Y/Y).
Expected billings of $1.20B vs guidance $1.19-1.21B.
Over the last 2 years, PANW has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
Over the last 3 months, EPS estimates have seen 22 upward revisions and 5 downward. Revenue estimates have seen 14 upward revisions and 16 downward.
How Do We Feel on $PANW Earnings?
We feel as the stock has had a great climb and would be a good place to take profits before earnings and wait until the earnings report comes out to enter any trades in this name. Most earnings have not done so well since $AAPL so I believe this stock should be avoided as an earnings gamble. An Iron Condor or Butterfly may be the best option here. Join our Live Trading Group for more information!