Rise

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<p class="has-drop-cap">Dell Technologies (NYSE: DELL) is <a href="https://investors.delltechnologies.com/news-releases/news-release-details/dell-technologies-hold-conference-call-nov-26-discuss-third" target="_blank" aria-label=" (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">poised to release its quarterly earnings report</a> 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.</p>
<p>The upcoming report is expected to reveal a year-over-year increase in both earnings and revenue. Specifically, Wall Street analysts anticipate <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share (EPS)</a> to reach $2.05, representing a 9% rise. Revenue is projected to grow by 10.3% to $24.53 billion.</p>
<p>The consensus EPS estimate has remained steady over the past month, indicating confidence in the company’s financial trajectory.</p>
<h3 id="dell-fiscal-q3-financial-performance-and-market-expectations">Dell Fiscal Q3 Financial Performance and Market Expectations</h3>
<p>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.</p>
<p>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.</p>
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<h3 id="dell-stock-brief">DELL Stock Brief</h3>
<p>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.</p>
<p>Dell Technologies boasts a market capitalization of $97.48 billion, with a <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">trailing P/E ratio</a> 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 <a href="https://tokenist.com/investing/what-is-beta-in-stocks/" class="deco-link" rel="noopener noreferrer nofollow">beta of 0.954</a> indicates moderate volatility compared to the broader market.</p>
<p>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.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/dells-eps-expected-to-rise-by-9-as-firm-set-to-report-fiscal-q3-results/">Dell’s EPS Expected to Rise by 9% as Firm Set to Report Fiscal Q3 Results</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Dell’s EPS Expected to Rise by 9% as Firm Set to Report Fiscal Q3 Results

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