Wall St. Revenue Expectations: On average, analysts predict $7.07 billion in revenue this quarter, a rise of 23.8% from the year-ago quarter. Analysts are forecasting total revenue of $27.07 billion for the year, a decline of 16.5% from last year’s revenue of $32.4 billion.
Analyst Ratings: With 11 analysts rating the stock as a buy, three rating it as a sell and eight rating it as a hold, there are indications of a bullish outlook.
On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 26.3% in the fourth quarter of the last fiscal year, 10% in first quarter and 25.4% in the second quarter and then fell again in the third quarter.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)