Nutanix Inc reports results for the quarter ended July 31 - Earnings Summary

• Nutanix Inc NTNX.OQ reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 26 cents to 40 cents per share.

• Revenue rose 19.2% to $653.27 million from a year ago; analysts expected $641.51 million.

• Nutanix Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $38.65 million.

• Nutanix Inc shares had fallen by 10.9% this quarter and gained 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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 $94.00, about 27.6% above its last closing price of $68.10

This summary was machine generated from LSEG data August 27 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)