Nutanix (NTNX) closed at $66.33 in the latest trading session, marking a +1.39% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.87%. Elsewhere, the Dow lost 1.32%, while the tech-heavy Nasdaq lost 1%.
The enterprise cloud platform services provider's shares have seen an increase of 22.6% over the last month, surpassing the Computer and Technology sector's gain of 3.23% and the S&P 500's gain of 3.48%.
Investors will be eagerly watching for the performance of Nutanix in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 26, 2026. The company's upcoming EPS is projected at $0.48, signifying a 29.73% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $737.46 million, indicating a 12.89% upward movement from the same quarter last year.
NTNX's full-year Zacks Consensus Estimates are calling for earnings of $1.93 per share and revenue of $2.83 billion. These results would represent year-over-year changes of +19.14% and +11.57%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Nutanix. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.1% higher within the past month. Nutanix is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, Nutanix is holding a Forward P/E ratio of 30.08. This signifies a premium in comparison to the average Forward P/E of 13.65 for its industry.
Investors should also note that NTNX has a PEG ratio of 1.87 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Computers - IT Services industry held an average PEG ratio of 1.23.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 97, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Nutanix (NTNX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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