BUZZ-PREVIEW: Dell shares tumble; Q4 rev, EPS seen rising

Dell Technologies DELL.N shares down 4% ahead of fiscal Q4 report, underperforming the S&P 500 tech sector's .SPLRCT decline of ~1%

Wall Street sees Dell, a maker of personal and server computers, reporting adj EPS of $2.53 vs $2.20 in year-ago quarter on rev of $24.56 bln vs $22.32 bln year-ago, according to data from LSEG

In last 8 quarters, EPS beat every time while rev met or beat 6 times, as per LSEG

In Nov. Dell provided a Q4 rev forecast missed Street view on weaker demand for traditional PCs and competition from server makers as it faced stiff competition in PCs and weak consumer spending despite booming demand for servers used to handle large artificial intelligence workloads

Stock last traded at $111.02; median PT of $150, vs $154.59 a month ago, according to LSEG, which shows 24 analyst ratings: 3 'strong buy,' 18 'buy' and 3 'hold' ratings

YTD stock down ~3.7% after rising 50.6% in 2024 vs a SPLRCT index 4.1% drop YTD after a 35.7% gain in 2024