Dell Technologies Inc. (NYSE:DELL) is reporting third quarter earnings results on Tuesday 24th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.40 per share.
For the full year, analysts predict revenues of $ 89790.40 million, while looking forward to income of $ 6.37 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. disclosed income for the second quarter of $ 1.92 per share, from the revenue of $ 22,775.00 million. The quarterly earnings dropped 10.70 percent while revenues contracted 2.90 percent compared with the same quarter last year.
Street analysts expected Dell Technologies Inc. to report income of $ 1.39 per share on revenue of $ 22523.60 million for the second quarter. The bottom line results beat street analysts by $ 0.53 or 38.13 percent, at the same time, top line results outshined analysts by $ 251.40 million or 1.12 percent.
Stock Performance
Shares of Dell Technologies Inc. traded up $ 1.04 or 1.52 percent on Monday, reaching $ 69.38 with volume of 1.40 million shares. Dell Technologies Inc. has traded high as $ 69.84 and has cracked $ 68.54 on the downward trend
According to the previous trading day, closing price of $ 69.38, representing a 167.89 % increase from the 52 week low of $ 25.51 and a 4.35 % decrease over the 52 week high of $ 71.45.
The company has a market capital of $ 51.81 billion and is part of the Technology sector and Computer Systems industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 82.00 target price.
Conference Call
Dell Technologies Inc. will be hosting a conference call at 5:30 PM eastern time on 24th November 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.delltechnologies.com
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.
