Looking Ahead of Wall Street: Red Hat, Lululemon, Blackberry
TipRanks | Mar 23, 2015 09:47AM ET
Earnings season is dying down, but three big names are slated to post their financial results this week. What should investors look for?
Red Hat Inc (NYSE:RHT):
Red Hat is slated to post its fourth quarter 2015 financial results on Wednesday, March 25th after the closing bell. The company is expected to post $0.41 Non-GAAP earnings per share, falling short of $0.42 per share from the same quarter a year prior. The company is also expected to post revenue of $457.30 million, marking a 14.2% year-over-year increase.
The computer software company has seen sequential growth for the past 51 consecutive quarters and has beaten analysts’ estimates for the past 4 consecutive quarters. Red Hat’s last quarter “billings” results excelled; however the company is not expected to shine as bright this quarter due to strong currency headwinds.
In addition, Red Hat’s margins have narrowed in recent quarters due to its investments in areas like the OpenStack cloud structure. The company faces serious competition in the cloud space with big players like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Google (NASDAQ:GOOGL), so investors have been somewhat wary. The losses of the company’s CFO and CTO have also had a negative impact on the stock.
On average, the top analyst consensus for Red Hat on
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