Arista Networks Inc expected to post earnings of $1.75 a share - Earnings Preview

Reuters05-04

* Arista Networks Inc is expected to show a rise in quarterly revenue when it reports results on May 7 for the period ending March 31 2024

* The Santa Clara California-based company is expected to report a 14.8% increase in revenue to $1.552 billion from $1.35 billion a year ago, according to the mean estimate from 19 analysts, based on LSEG data.The company's guidance on February 12 2024, for the period ended March 31, was for revenue between $1.52 billion and $1.56 billion.

* ​LSEG's mean analyst estimate for Arista Networks Inc is for earnings of $1.75 per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts had risen by about 0.1% in the last three months. ​

* Wall Street's median 12-month price target for Arista Networks Inc is $306.00​, above​ its last closing price of $274.40. ​​​

The company's guidance on February 12 2024 for the period ended March 31 was for Earnings before Interest and Taxes between USD638.4 million and USD655.2 million.The company's guidance on February 12 2024 for the period ended March 31 was for gross profit margin of USD62%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 1.71 1.70 2.08 Beat 22.1

Sep. 30 2023 1.59 1.58 1.83 Beat 15.8

Jun. 30 2023 1.45 1.44 1.58 Beat 9.9​

Jan. 1 0001 1.35 1.34 1.43 Beat 6.4

​​Dec. 1.22 1.21 1.41 Beat 16.3

31 2022

Jan. 1 0001 1.05 1.04 1.25 Beat 19.9​

Jun. 30 2022 0.92 0.91 1.08 Beat 18.4

Mar. 31 2022 0.82 0.81 0.84 Beat 3.8

This summary was machine generated May 4 at 00:34 GMT. 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)

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