HomeInvesting NewsWhat to Expect From Dell Technologies' Second-Quarter Earnings?

What to Expect From Dell Technologies’ Second-Quarter Earnings?

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On August 25, Dell Technologies (NYSE:DELL) will release the company’s financial results for the second quarter of the fiscal year 2023.

At the midpoint, Dell Technologies (NYSE:DELL) anticipates that its revenues for the second quarter will fall between $26.1 to $27.1 billion, which indicates a growth of approximately 10% year over year. It is anticipated that earnings would range between $1.55 to $1.70 per share, indicating a growth rate of 10% on a year-over-year basis at the midpoint.

The consensus estimate provided by Zacks for revenue is currently at $26.50 billion, which indicates an increase of 1.39% compared to the figure reported in the same quarter one year ago.

The average estimate for quarterly profits is currently set at $1.63 per share, representing a decrease of 27.23% compared to the previous year’s period. The earnings forecast provided by the consensus has remained unchanged over the past 30 days.

In three of the most recent four quarters, Dell Technologies (NYSE:DELL) earnings came in higher than the Zacks Consensus Estimate, but they fell short of that mark in the final quarter. On average, the company exceeded expectations with respect to its earnings in each of the preceding four quarters by 8.13 percent.

First, let’s look at how things have been going for Dell Technologies (NYSE:DELL) before the announcement.

Watch out for These Factors

Dell Technologies (NYSE:DELL) is projected to have benefited from the continuous digital transformation and robust demand environment in the quarter that will be reported, even though the global chip shortage and supply-chain bottlenecks are leading to unpredictability in the technology sector.

On the other hand, it is anticipated that unfavorable changes in the value of currencies will have been a headwind.

In the quarter that has yet to be reported, it is anticipated that Dell Technologies (NYSE:DELL) will have profited financially from the rapid expansion of its server and networking product lines. It is currently anticipated that there will be an increase in expenditure on IT for storage solutions, servers, and networking. It is anticipated that this will positively impact revenue for the Infrastructure Solutions Group in the quarter that will be reported.

Despite this, it is anticipated that revenues generated by the Client Solutions Group have suffered due to falling PC demand.

According to IDC, global PC shipments in the second quarter of 2022 reached 71.3 million units, representing a year-over-year fall of 15.3% from the previous year’s total. After Lenovo (LNVGY) and HP (HPQ), Dell Technologies (NYSE:DELL) came in at number three on the list of all PC vendors, coming in ahead of Apple (AAPL) in the process.

Featured Image : Megapixl © Coralimages2020 

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