Zacks Equity Research
Tue, February 28, 2023 at 10:19 AM MST·2 min read
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Dell Technologies DELL is set to report its fourth-quarter fiscal 2023 results on Mar 2.
Dell expects fiscal fourth-quarter revenues of $23-$24 billion, suggesting a 16% decline on a year-over-year basis at the mid-point. Earnings are expected between $1.50 and $1.80 per share, indicating a 4% decline on a year-over-year basis at the mid-point.
The Zacks Consensus Estimate for revenues is pegged at $22.82 billion, suggesting an 18.51% decline from the figure reported in the year-ago quarter.
The consensus mark for quarterly earnings is pegged at $1.64 per share, indicating a 4.65% decline from the year-ago quarter’s reported figure. The consensus estimate for earnings has declined 1.8% in the past 30 days.
Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in the remaining one. The company delivered a trailing four-quarter earnings surprise of 17.09% on average.