Nutanix Stock Drops 3.6% to $39.84 Ahead of Q2 Report
Nutanix shares fell 3.58% to $39.84, trailing the S&P 500's 0.69% gain and the tech sector's advance. Analysts forecast its Feb. 25 earnings at $0.45 EPS (-19.6% YoY) on $713.7 million revenue (+9.0% YoY), with full-year estimates at $1.79 EPS (+10.5%) and $2.84 billion (+12.1%).
1. Stock Performance
On February 20, Nutanix shares closed at $39.84, down 3.58% from the prior session and underperforming the S&P 500's 0.69% gain and the technology sector's advance. The stock has also trailed sector losses of 3.66% and a 1% decline in the S&P 500 in recent trading.
2. Q2 Earnings Forecast
The company is set to report second-quarter results on February 25, with consensus estimates at $0.45 EPS, a 19.6% year-over-year decrease, on $713.7 million in revenue, a 9.0% year-over-year increase. Full-year projections call for $1.79 EPS (+10.5%) and $2.84 billion in revenue (+12.1%).
3. Valuation and Analyst Sentiment
Nutanix trades at a forward P/E of 23.08, a premium to the industry average of 12.9, and has a PEG ratio of 1.76 versus 1.22 in its sector. Analysts have trimmed the EPS consensus by 0.58% over the past month, contributing to a hold rating.