F5 Networks Inc. FFIVis set to report second-quarter fiscal 2018 results on Apr 25. Last quarter, the company posted a positive earnings surprise of 10.8%. Notably, F5 Networks has a mixed earnings surprise history. In the trailing four quarters, the company’s results surpassed the Zacks Consensus Estimate twice, came in line in another and missed in the other.
It has an average positive earnings surprise of 5.2%.Let’s see how things are shaping up prior to this announcement.
What the Zacks Model Unveils?
Our proven model shows that F5 Networks is likely to beat on earnings this quarter as it possesses the two key components. A stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
F5 Networks carries a Zacks Rank of 3 and has an Earnings ESP of +0.27%.
The Zacks Consensus Estimate for the fiscal second-quarter earnings is pegged at $2.26, which indicates a 15.9% year-over-year increase. We note that the Zacks Consensus Estimate has remained unchanged over the past 30 days. Additionally, analysts polled by Zacks project revenues of roughly $529 million, up 2.1% from the year-ago quarter.