Unlocking Q3 Potential of Cisco (CSCO): Exploring Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Cisco Systems (CSCO) will announce quarterly earnings of $1.04 per share in its forthcoming report, representing an increase of 8.3% year over year. Revenues are projected to reach $15.58 billion, increasing 10.1% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some Cisco metrics that Wall Street analysts commonly model and monitor.Analysts predict that the 'Revenue- Product' will reach $11.73 billion. The estimate indicates a year-over-year change of +13.1%.Analysts forecast 'Revenue- Services' to reach $3.79 billion. The estimate indicates a year-over-year change of +0.5%.The combined assessment of analysts suggests that 'Revenue- Product- Security' will likely reach $1.99 billion. The estimate suggests a change of -1% year over year.According to the collective judgment of analysts, 'Revenue- Product- Observability' should come in at $278.89 million. The estimate points to a change of +6.9% from the year-ago quarter.Based on the collective assessment of analysts, 'Revenue- Product- Networking' should arrive at $8.42 billion. The estimate indicates a change of +19.1% from the prior-year quarter.The consensus estimate for 'Revenue- Product- Collaboration' stands at $1.05 billion. The estimate indicates a year-over-year change of +1.4%.The consensus among analysts is that 'Non-Gaap Gross Margin- Service' will reach $2.66 billion. Compared to the present estimate, the company reported $2.69 billion in the same quarter last year.Analysts expect 'Non-Gaap Gross Margin- Product' to come in at $7.64 billion. Compared to the present estimate, the company reported $7.01 billion in the same quarter last year. View all Key Company Metrics for Cisco here>>> Over the past month, shares of Cisco have returned +10.8% versus the Zacks S&P 500 composite's +11% change. Currently, CSCO carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks