Dell (DELL) Could Beat Meager Q3 Expectations
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Price: $13.37 -0.15%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade DELL Now!
DELL (Nasdaq: DELL) will release its quarterly earnings report this Thursday, November 15, after the close. Commenting on expectations, analyst Shaw Wu, of Sterne Agee, said "Our supply chain checks unsurprisingly indicate that its core PC business remains under pressure from a tough macro and cannibalization from iOS and Android."
However, given low expectations, he thinks results will be in-line or better than anticipated.
"For its outlook, it is a similar story with low expectations. Because of this, we would not be surprised to see a near-term rally in DELL shares though our longer-term concerns remain," said Wu.
Dell Q3 estimates call for revenue of $13.9 billion and $0.40 in EPS.
Sterne Agee has a Neutral rating on Dell.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $9.35 yesterday, with a 52 week range of $9.11-$18.36.
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However, given low expectations, he thinks results will be in-line or better than anticipated.
"For its outlook, it is a similar story with low expectations. Because of this, we would not be surprised to see a near-term rally in DELL shares though our longer-term concerns remain," said Wu.
Dell Q3 estimates call for revenue of $13.9 billion and $0.40 in EPS.
Sterne Agee has a Neutral rating on Dell.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $9.35 yesterday, with a 52 week range of $9.11-$18.36.
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