Brokerages forecast that Pivotal Software (NASDAQ:PVTL) will report sales of $186.33 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pivotal Software’s earnings. The lowest sales estimate is $185.00 million and the highest is $187.40 million. Pivotal Software posted sales of $164.41 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, September 11th.

On average, analysts expect that Pivotal Software will report full year sales of $760.35 million for the current fiscal year, with estimates ranging from $756.50 million to $762.90 million. For the next fiscal year, analysts forecast that the business will post sales of $893.37 million, with estimates ranging from $878.00 million to $914.67 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Pivotal Software.

Pivotal Software (NASDAQ:PVTL) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $185.72 million during the quarter, compared to analyst estimates of $184.12 million. Pivotal Software’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share.

A number of brokerages recently weighed in on PVTL. William Blair restated an “outperform” rating on shares of Pivotal Software in a report on Wednesday, June 5th. KeyCorp restated an “overweight” rating and set a $46.00 target price on shares of FirstEnergy in a report on Wednesday, June 5th. Needham & Company LLC restated a “hold” rating on shares of GrubHub in a report on Wednesday, June 5th. Wedbush set a $39.00 target price on shares of Allena Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Bank of America restated an “underperform” rating and set a $1.25 target price (down from $4.50) on shares of Superior Energy Services in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.90.

Shares of PVTL opened at …read more

Source:: Daily Times

      

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$186.33 Million in Sales Expected for Pivotal Software (NASDAQ:PVTL) This Quarter

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