Last quarter Red Hat, Inc. hit analyst's estimates and it will report again on Wednesday, June 20, 2012.
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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.
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.
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
Reporting Period: 1Q
Date of Release: Wednesday, June 20, 2012
EPS: 19 cents
Revenue Estimate: $310.9 million