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Market Analysis
Dell’s EPS Expected to Rise by 9% as Firm Set to Report Fiscal Q3 Results
Dell Technologies is set to announce its quarterly earnings on November 26, 2024, with expectations of a 9% increase in EPS to $2.05.
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Dell Technologies (NYSE: DELL) is poised to release its quarterly earnings report on November 26, 2024, after the market closes. As a major player in the computer and technology services sector, Dell’s financial performance is closely watched by investors and analysts alike.
The upcoming report is expected to reveal a year-over-year increase in both earnings and revenue. Specifically, Wall Street analysts anticipate earnings per share (EPS) to reach $2.05, representing a 9% rise. Revenue is projected to grow by 10.3% to $24.53 billion.
The consensus EPS estimate has remained steady over the past month, indicating confidence in the company’s financial trajectory.
Dell Fiscal Q3 Financial Performance and Market Expectations
Dell Technologies has demonstrated a strong financial performance in recent quarters, consistently surpassing consensus EPS estimates. In the last quarter, Dell reported earnings of $1.89 per share, exceeding expectations by 8.62%. This trend of outperforming projections has been a hallmark of the company’s recent financial history.
Dell’s stock has experienced a notable upward trajectory recently, with a 12.1% increase over the past month. As of November 21, 2024, the stock price reached $139.03 at the time of writing, up 3.78% from a previous close of $133.96. The stock opened at $136.14, reached a day high of $139.35, and a day low of $134.45.
DELL Stock Brief
The stock’s recent performance is bolstered by the anticipation of strong earnings, with analysts setting a target mean price of $146.22 and a recommendation mean of 1.68, suggesting a ‘Buy’ recommendation.
Dell Technologies boasts a market capitalization of $97.48 billion, with a trailing P/E ratio of 25.573668 and a forward P/E ratio of 14.717322. The company’s dividend rate stands at $1.78, yielding 1.33%, which may appeal to income-focused investors. Dell’s beta of 0.954 indicates moderate volatility compared to the broader market.
Additionally, the company’s financial health is reflected in its trailing EPS of $5.43 and forward EPS of $9.4, underscoring its growth potential. However, investors should be mindful of Dell’s negative book value of -$4.105, which may raise concerns about the company’s asset management.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
