Earnings Report: Here’s what to expect from VMware Stock Forecast, Price & News (NYSE:VMW)

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Earnings results for VMware Stock Forecast, Price & News (NYSE:VMW)

Vmware, Inc. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.9. The reported EPS for the same quarter last year was $1.18.

VMware last released its earnings data on May 28th, 2020. The virtualization software provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.20 by $0.32. The company earned $2.73 billion during the quarter, compared to analyst estimates of $2.62 billion. Its quarterly revenue was up 11.6% compared to the same quarter last year. VMware has generated $4.51 earnings per share over the last year and currently has a price-to-earnings ratio of 9.6. VMware has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on VMware Stock Forecast, Price & News (NYSE:VMW)

26 Wall Street analysts have issued ratings and price targets for VMware in the last 12 months. Their average twelve-month price target is $167.14, predicting that the stock has a possible upside of 16.40%. The high price target for VMW is $200.00 and the low price target for VMW is $115.00. There are currently 1 sell rating, 7 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of “Buy.”

VMware has received a consensus rating of Buy. The company’s average rating score is 2.65, and is based on 18 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $167.14, VMware has a forecasted upside of 16.4% from its current price of $143.59. VMware has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: VMware Stock Forecast, Price & News (NYSE:VMW)

VMware does not currently pay a dividend. VMware does not have a long track record of dividend growth.

Insiders buying/selling: VMware Stock Forecast, Price & News (NYSE:VMW)

In the past three months, VMware insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,389,180.00 in company stock. Only 28.50% of the stock of VMware is held by insiders. Only 17.04% of the stock of VMware is held by institutions.

Earnings and Valuation of VMware Stock Forecast, Price & News (NYSE:VMW

Earnings for VMware are expected to grow by 24.07% in the coming year, from $3.78 to $4.69 per share. The P/E ratio of VMware is 9.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of VMware is 9.57, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.56. VMware has a PEG Ratio of 2.83. PEG Ratios above 1 indicate that a company could be overvalued. VMware has a P/B Ratio of 8.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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