Palo Alto Networks (NASDAQ:PANW) is scheduled to announce This fall earnings outcomes on Monday, August nineteenth, after market shut.
Analysts count on a revenue of $1.41 per share (-2.1% Y/Y) on income of $2.16B (+10.8% Y/Y).
Traders expect sturdy outcomes regardless of close to time period struggles and will likely be looking for feedback on platform technique and steerage for the subsequent fiscal yr.
Wells Fargo believes that F4Q24 outcomes ought to be high quality, although the steerage for FY25 might modestly disappoint. “Our reseller checks counsel Palo Alto completed FY24 on a powerful word and the corporate is probably going benefiting from the CrowdStrike outage. Wanting forward, administration will present steerage throughout a variety of key metrics for FY25, although we expect administration to information modestly beneath the consensus estimates for billings, RPO and FCF margin.”
Over the past 2 years, PANW has crushed EPS estimates 100% of the time and has crushed income estimates 88% of the time.
Over the past 3 months, EPS estimates have seen 23 upward revisions and 13 downward. Income estimates have seen 30 upward revisions and 6 downward.
Wedbush suggests, “PANW continues to be one among our favourite cyber safety names to personal over the subsequent yr regardless of some near-term points associated to the platformization technique Nikesh & Co. are deploying within the subject. Whereas not anticipating main fireworks on Monday after the bell with FY4Q earnings, we view the seeds of development are being planted for an important FY25 forward. We keep our OUTPERFORM ranking and $375 worth goal.”
Palo Alto has a Maintain ranking by the SA Quant scores system and is advisable as a Purchase from Wall Avenue analysts.
YTD, PANW has risen 14.72%, trailing barely behind the broader S&P 500 index which is up 16.21%.
