Dell Technologies Set to Beat Q1 Earnings Estimates Amid Revenue Growth

Key Points

• Dell Technologies Inc. (DELL) is expected to report Q1 earnings of $1.25 per share
• a 4.6% decline from the previous year
• with revenues forecasted at $21.7 billion
• a 3.7% increase.
• Analysts have revised the consensus EPS estimate for Dell upwards by 5.4% in the past 30 days
• indicating a positive market sentiment.
• Dell's shares have shown a +22.9% return over the past month
• with a Zacks Rank #2 (Buy)
• suggesting potential outperformance in the market.

In this news

Dell Technologies Inc. (DELL) is poised to release its Q1 earnings report, with Wall Street analysts forecasting a quarterly earnings of $1.25 per share, reflecting a 4.6% decline from the previous year. However, revenues are expected to rise by 3.7% to $21.7 billion. This mixed outlook comes as analysts have revised the consensus EPS estimate for Dell upwards by 5.4% over the past 30 days, signaling a positive shift in market sentiment.

The earnings report, due for release in April 2024, is anticipated to have a significant impact on Dell's stock price. The Zacks Consensus Estimate suggests a quarterly earnings of $1.25 per share, with an Earnings ESP of +2.30% and a Zacks Rank #2 (Buy), indicating a strong likelihood of Dell outperforming market expectations. Dell's shares have already shown a robust return of +22.9% over the past month, further bolstering investor confidence.

Analysts are particularly focused on specific revenue metrics for Dell's various business groups, including the Client Solutions Group and Infrastructure Solutions Group. These insights are crucial for predicting investor actions and short-term stock price movements. As Dell continues to navigate the evolving market landscape, its ability to exceed earnings estimates could reinforce its position as a market leader and drive further stock price appreciation in the near future.