Dell Technologies Inc. (NYSE:DELL) is reporting second quarter earnings results on Thursday 27th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.39 per share.
For the full year, analysts predict revenues of $ 89759.30 million, while looking forward to income of $ 5.74 per share.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 92,000.00 million ~ $ 95,000.00 million, where as bottomline are predicted in a range of $ 5.90 ~ $ 6.60 per share
Click Here For More Historical Outlooks Of Dell Technologies Inc.
Previous Quarter Performance
Dell Technologies Inc. posted income for the first quarter of $ 1.34 per share, from the revenue of $ 21,945.00 million. The quarterly earnings shrunk 7.59 percent while revenues dropped 1.34 percent compared with the same quarter last year.
Street analysts expected Dell Technologies Inc. to report income of $ 1.01 per share on revenue of $ 20833.20 million for the first quarter. The bottom line results beat street analysts by $ 0.33 or 32.67 percent, at the same time, top line results outshined analysts by $ 1,111.80 million or 5.34 percent.
Stock Performance
Shares of Dell Technologies Inc. traded up $ 1.49 or 2.46 percent on Wednesday, reaching $ 62.13 with volume of 1.96 million shares. Dell Technologies Inc. has traded high as $ 62.27 and has cracked $ 60.84 on the downward trend
The closing price of $ 62.13, representing a 137.71 % increase from the 52 week low of $ 25.51 and a 4.04 % decrease over the 52 week high of $ 63.19.
The company has a market capital of $ 46.03 billion and is part of the Technology sector and Computer Systems industry.
Recent Analyst recommendations
- On 10th August 2020, maintained by Morgan Stanley at Overweight rating, with $ 70.00 target price.
- On 16th July 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating, with $ 68.00 target price.
- On 9th July 2020, initiated by Daiwa Capital Markets at Neutral rating, with $ 54.00 target price.
- On 29th June 2020, maintained by Deutsche Bank at Buy rating, with $ 60.00 target price.
Conference Call
Dell Technologies Inc. will be hosting a conference call at 5:30 PM eastern time on 27th August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/sy3ictzy
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware.
