Benzinga | Aug 3, 2020 12:30PM EDT

Arista Networks's Earnings: A Preview

On Tuesday, August 04, Arista Networks (NYSE:ANET) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Wall Street analysts see Arista Networks reporting earnings of $1.95 per share on sales of $529.73 million. Arista Networks earnings in the same period a year ago was $2.440 per share. Quarterly sales came in at $608.32 million. If the company were to report inline earnings when it publishes results Tuesday, quarterly profit would be down 20.08%. Revenue would have fallen 2.29% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 1.81 2.10 2.41 2.20EPS Actual 2.02 2.29 2.69 2.44Revenue Estimate 517.86 M 550.98 M 653.25 M 606.86 MRevenue Actual 523.03 M 552.55 M 654.41 M 608.32 M

Stock Performance

Over the last 52-week period, shares are up 9.93%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Arista Networks is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.arista.com%2FHome%2Fdefault.aspx&eventid=2403067&sessionid=1&key=6702E638B2C25B532CC362DC7A50B50B&regTag=&sourcepage=register