Red Hat 1Q Earnings Pregame Scorecard

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Last quarter Red Hat, Inc. hit analyst's estimates and it will report again on Wednesday, June 20, 2012.

Expectations

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Analysts currently expect Red Hat to come in with earnings of 19 cents per share on revenues of $310.9 million. Estimates range from 18 cents per share to 21 cents per share. Over the past three months, the average estimate has moved down from 20 cents.

Last Quarter's Results

In the fourth quarter of the last fiscal year, profit rose 7.3% to $36 million (19 cents a share) from $33.5 million (17 cents a share) the year earlier, meeting analyst expectations. Revenue rose 21.3% to $297 million from $244.8 million.

Stock Ratings

Analysts are bullish on the stock as 16 analysts rate it as a buy and only one analyst rate it as a sell. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to Moderate buy from Hold.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $4.79 per share between June 4, 2012 and June 6, 2012.

Company Fundamental Trends

Summary

Reporting Period: 1Q

Date of Release: Wednesday, June 20, 2012

EPS: 19 cents

Revenue Estimate: $310.9 million