Dell Stock: What Wall Street Expects from Earnings Tuesday
TLDR
- Dell reports Q2 earnings Tuesday after market close
- Wall Street expects EPS of $4.93 on revenue of $44.48 billion, up over 49% year on year
- EPS estimates have seen 21 upward revisions and zero downward revisions over the last three months
- DELL stock is up over 270% this year, versus a roughly 13% gain in the S&P 500
- Average analyst price target sits at $510.26 versus a current price of $456.25
Dell is set to report its second-quarter results on Tuesday after markets close, and expectations are running high.
Wall Street is looking for EPS of $4.93 on revenue of $44.48 billion. That would represent revenue growth of over 49% for the quarter.
The current stock price sits at $456.25, with the average analyst price target at $510.26, giving some room to the upside if results impress.
Over the past two years, Dell has beaten EPS estimates 88% of the time and revenue estimates 63% of the time. That track record will be on investorsโ minds heading into Tuesday.
Last quarter, Dell posted revenues of $43.84 billion, up 87.5% year on year, beating both revenue and EPS estimates. Guidance for the following quarter also came in ahead of expectations.
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