Published - June 2nd, 2023 @ 12:37 PM (CET)
In the quarter ending April 2023, Dell Technologies (DELL) (NYSE:DELL) , disclosed revenue of $20.92 billion, a decrease of 19.9% from the corresponding period the previous year. The EPS fell to $1.31 of the prior year's $1.84.
The announced revenue exceeded the Zacks Consensus Estimate of $20.15 billion by +3.86%. Meanwhile, the reported EPS of $1.31 surpassed the consensus estimate of $0.87 by +50.58%.
Investors often compare revenue and earnings shifts year-over-year with Wall Street forecasts when deciding future investment strategies. However, a more accurate depiction of a company's financial condition is given by several vital metrics.
These metrics, significant to both top- and bottom-line performance, when juxtaposed with the prior year's figures and analyst estimates, aid investors in forecasting a stock's price performance more precisely.
The performance of Dell Technologies in the latest quarter, according to the most tracked and predicted metrics by Wall Street analysts, was as follows:
Net Revenue- Client Solutions Group:
$11.98 billion, a year-over-year change of -23.1%, which outpaced the $11.39 billion average estimate of three analysts.
Net Revenue- Infrastructure Solutions Group:
Reported at $7.59 billion, exhibiting a year-over-year change of -18.2%, aligned with the three-analyst average estimate of $7.59 billion.
Net Revenue- Other businesses:
Reached $1.34 billion, surpassing the three-analyst average estimate of $1.28 billion.
Net Revenue- Client Solutions Group- Consumer:
$2.12 billion, falling short of the $2.24 billion average estimate projected by three analysts.
Net Revenue- Infrastructure Solutions Group- Storage:
$3.76 billion, under the three-analyst average estimate of $3.98 billion.
Net Revenue- Client Solutions Group- Commercial:
At $9.86 billion, it exceeded the $9.15 billion estimate by three analysts.
Net Revenue- Infrastructure Solutions Group- Servers and networking:
The reported figure of $3.84 billion surpassed the $3.62 billion average estimate of three analysts.
Operating Income- Client Solutions Group:
Came in at $892 million, surpassing the $676.50 million average estimate of two analysts.
Operating Income- Infrastructure Solutions Group:
At $740 million, it fell short of the two-analyst average estimate of $769.87 million.
In the past month, Dell Technologies shares have returned -0.8%, compared to a +0.4% change in the Zacks S&P 500 composite.
Currently, the stock holds a Zacks Rank #3 (Hold), suggesting its performance could align with the broader market in the short term.
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