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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.More By This Author:Intuit’s New AI Assistant Seeks To Boost Efficiency; Stock Gains On LaunchDeere & Company Beats Expectations With Q4 FY’2024 Results2024 Was A Bumpy Ride for Tesla Stock, Tariff-Driven 2025 Ahead?
