Cisco (CSCO) To Report Q2 Earnings: What's In The Offing?
Zacks Investment Research | Feb 06, 2020 09:52PM ET
Cisco Systems, Inc. (NASDAQ:CSCO) is scheduled to release second-quarter fiscal 2020 results on Feb 12.
For second-quarter fiscal 2020, Cisco anticipates revenues to decline 3-5% on a year-over-year basis. The Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $11.99 billion, indicating a decline of 3.7% over the year-ago reported figure.
Non-GAAP earnings are anticipated between 75 cents and 77 cents per share. The Zacks Consensus Estimate for earnings has been steady for the past 30 days at 76 cents, indicating an improvement of 4.1% from the prior-year quarter.
Notably, the company beat estimates in the trailing four quarters by 1.90%, on average.
Guidance in Detail
Notably, in the fiscal first-quarter earnings conference, management had blamed sluggish macro-economic conditions (due to the U.S.-China trade, Brexit and others) and a slowing China economy for the weakness in the service provider, enterprise and commercial end markets. Muted growth in these markets is likely to have affected the fiscal second-quarter performance as well.
Cisco Systems, Inc. Price, Consensus and EPS Surprise
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