Benzinga | Nov 22, 2021 10:30AM EST

Nutanix's Earnings Outlook

Nutanix (NASDAQ:NTNX) is set to give its latest quarterly earnings report on Tuesday, 2021-11-23. Here's what investors need to know before the announcement.

Analysts estimate that Nutanix will likely report an Earnings Per Share (EPS) of $-0.34.

Nutanix 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 EPS by $0.16, which was followed by a 9.34% increase in the share price the next day.

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

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021EPS Estimate -0.42 -0.49 -0.48 -0.57EPS Actual -0.26 -0.41 -0.37 -0.44Price Change % 9.34% 0.89% -9.23% -0.91%

Stock Performance

Shares of Nutanix were trading at $34.27 as of November 19. Over the last 52-week period, shares are up 19.23%. 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