Benzinga | Nov 16, 2021 11:21AM EST

Earnings Preview For Cisco Systems

Cisco Systems (NASDAQ:CSCO) is set to give its latest quarterly earnings report on Wednesday, 2021-11-17. Here's what investors need to know before the announcement.

Analysts estimate that Cisco Systems will likely report an Earnings Per Share (EPS) of $0.80

Cisco Systems bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 2.44%, which was followed by a 3.84% increase in the share price the next day.

Here's a look at Cisco Systems's past performance and the resulting price change:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021EPS Estimate 0.82 0.82 0.76 0.70EPS Actual 0.84 0.83 0.79 0.76Price Change % 3.84% 0.72% -2.6% 7.06%

Stock Performance

Shares of Cisco Systems were trading at $57.27 as of November 15. Over the last 52-week period, shares are up 40.32%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here