Nutanix (NTNX) to Report Q2 Earnings: What’s in the Cards?
@Nutanix Inc. #NTNX is scheduled to report second-quarter fiscal 2018 earnings on Mar 1. The question lingering on investors’ minds is if this provider of enterprise #cloud platform will be able to deliver a positive surprise. We expect the results to benefit from an enriched product portfolio, which is expanding the company’s client base. Notably, the company beat the Zacks Consensus Estimate for earnings in the trailing four quarters, with an average positive surprise of 18.5%. In the previous quarter, the company delivered a positive earnings surprise of 38.5%. Its top-line performance has also been consistent. The company beat the Zacks Consensus Estimate for revenues in each of the trailing four quarters. Nutanix expects second-quarter fiscal 2018 revenues in the range of $280-$285 million. Non-GAAP gross margins are projected to be in the range of 62.5% to 63.5%. Nutanix forecasts non-GAAP net loss between 20 cents and 22 cents for the quarter.