Does Earnings Surprise History Hold Any Clue for VMware (NYSE:VMW)

Earnings results for VMware (NYSE:VMW)

Vmware, Inc. is expected* to report earnings on 05/27/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.16. The reported EPS for the same quarter last year was $1.1.

VMware last posted its earnings results on February 25th, 2021. The virtualization software provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.78. The business earned $3.29 billion during the quarter, compared to the consensus estimate of $3.23 billion. VMware has generated $4.52 earnings per share over the last year and currently has a price-to-earnings ratio of 33.0. VMware has confirmed that its next quarterly earnings report will be published on Thursday, May 27th, 2021.

Analyst Opinion on VMware (NYSE:VMW)

22 Wall Street analysts have issued ratings and price targets for VMware in the last 12 months. Their average twelve-month price target is $173.28, predicting that the stock has a possible upside of 7.80%. The high price target for VMW is $200.00 and the low price target for VMW is $145.00. There are currently 11 hold ratings and 11 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 2.50, and is based on 11 buy ratings, 11 hold ratings, and no sell ratings. According to analysts’ consensus price target of $173.28, VMware has a forecasted upside of 7.8% from its current price of $160.74. VMware has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: VMware (NYSE:VMW)

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

Insiders buying/selling: VMware (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 $22,282,825.00 in company stock. Only 28.50% of the stock of VMware is held by insiders. Only 15.00% of the stock of VMware is held by institutions.

Earnings and Valuation of VMware (NYSE:VMW

Earnings for VMware are expected to grow by 6.76% in the coming year, from $4.44 to $4.74 per share. The P/E ratio of VMware is 33.01, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.69. The P/E ratio of VMware is 33.01, 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 48.06. VMware has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued. VMware has a P/B Ratio of 7.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

More latest stories: here