What's In The Cards For Dell Technologies (DELL) Q4 Earnings?
Zacks Investment Research | Feb 25, 2019 07:56AM ET
Dell Technologies (NYSE:DELL) is set to release fourth-quarter fiscal 2019 results on Feb 28.
This will be the first quarterly earnings of the company after it returned back to public market in December, last year.
The Zacks Consensus Estimate for earnings has remained steady at $1.89 over the past seven days. The consensus mark for revenues is $23.46 billion and is expected to grow roughly 7% year over year.
Let’s see how things are shaping up for this announcement.
Factors to Watch
Dell is expected to benefit from its dominant position in the enterprise IT solutions market. Strong spending by customers on infrastructure is expected to be key catalyst for the company in the to-be-reported quarter.
The company is also likely to gain from the ongoing momentum at VMware (NYSE:VMW) , in which it has a majority stake. Dell also own stakes in Pivotal Software (NYSE:PVTL) and SecureWorks.
However, a sluggish PC market doesn’t bode well for the company. Additionally, the company faces stiff competition in the server and data storage equipment market, not only from the likes of HP and Hewlett Packard Enterprise (in on-premise hardware) but also from cloud computing service providers like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL).
Moreover, Dell’s leveraged balance sheet is a headwind.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) along with a positive Zacks Investment Research
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