Dell Technologies (DELL, Financial) is set to report its third-quarter fiscal results on November 26, 2024, during the after-hours trading session. The event is expected to garner significant attention as Wall Street projects EPS at $2.05, marking a 9% year-over-year growth. Sales are forecast to rise 10.3%, reaching $24.53 billion, attributed to the company's strong presence in the technology industry.
Dell has consistently outperformed mean EPS estimates, reporting $1.89 per share in the last quarter, 8.62% above the consensus. The stability of EPS support over the past month indicates confidence in Dell's financial performance.
Optimism around Dell's market prospects has driven its stock up by 12.1% over the past month. As of November 21, shares closed at $139, a 3.78% increase from the previous close of $133.9, with an intraday high of $139.3. Analysts maintain a 'Buy' recommendation with an average rating of 1.68 and a mean price target of $146.2.
With a market capitalization of $97.48 billion, Dell yields a 1.33% dividend at an annualized rate of $1.78. The trailing and forward EPS figures stand at $5.4 and $9.4, respectively. However, the negative book value of -$4.1 raises concerns about potential asset management issues.
Dell's strategic readiness and Q3 results will provide critical insights into its capacity to sustain business growth amidst shifting market conditions.
