Nutanix Inc reports results for the quarter ended April 30 - Earnings Summary

• Nutanix Inc NTNX.OQ reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 34 cents to 41 cents per share.

• Revenue rose 21.8% to $638.98 million from a year ago; analysts expected $626.00 million.

• Nutanix Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $63.36 million.

• Nutanix Inc shares had risen by 13.2% this quarter and gained 29.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Nutanix Inc is $91.50

This summary was machine generated from LSEG data May 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)