PREVIEW: Dell seen reporting higher rev, EPS in results due after the close

Shares of Dell Technologies DELL.N are down 0.8% on Tues, with the co expected to report a yr-over-yr gain in rev and EPS in its qtrly results, due after the closing bell

Analysts expect Q3 rev of $27.13 bln vs $24.37 bln in the yr-ago period, and adj EPS of $2.47 vs $2.15 a yr ago, according to LSEG

The median 12-mo PT on DELL is $160.00; the stock was last at $126.26

Analyst recommendations include ratings of 19 "strong buy" or "buy", six "hold" and one "sell"

Dell in August raised its annual rev and profit forecasts, buoyed by demand for its AI-optimized servers that are powered by Nvidia's NVDA.O advanced chips

Nvidia's stock is down on Tues after a report on Mon that Meta META.O is in discussions with Google GOOGL.O to use its AI chips

DELL stock is now up ~10% YTD compared with a roughly 15% gain in the S&P 500 .SPX