NetApp's Upcoming Q1 Earnings Preview
NetApp (NTAP) is set to release its first-quarter fiscal year 2027 earnings results. Analysts expect the company’s diluted EPS for the quarter to reach $1.70, representing a significant increase of 42.9% compared to the same period in the previous year. NetApp has consistently met or exceeded Wall Street's expectations over its last four quarters. Looking ahead, analysts project fiscal 2027 earnings at $7.16 per share and anticipate further growth with an expected EPS increase of around 10.9% to reach $7.94 in fiscal 2028. Over the past year, NTAP stock has surged by 55.5%, outperforming both the S&P 500 Index ($SPX) and the State Street Technology Select Sector SPDR ETF (XLK). Following its Q4 earnings release on May 29, NetApp's shares rose sharply due to better-than-expected revenue and adjusted EPS results. The company has provided guidance for full-year fiscal 2027 with expected earnings per share between $8.70 and $9, alongside projected revenues ranging from $7.33 billion to $7.58 billion.
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