Gear Up for Cisco (CSCO) Q1 Earnings: Wall Street Estimates for Key Metrics

Wall Street analysts forecast that Cisco Systems (CSCO) will report quarterly earnings of $0.87 per share in its upcoming release, pointing to a year-over-year decline of 21.6%. It is anticipated that revenues will amount to $13.76 billion, exhibiting a decline of 6.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.In light of this perspective, let's dive into the average estimates of certain Cisco metrics that are commonly tracked and forecasted by Wall Street analysts.Analysts expect 'Revenue- Product' to come in at $9.90 billion. The estimate suggests a change of -11.1% year over year.It is projected by analysts that the 'Revenue- Services' will reach $3.70 billion. The estimate suggests a change of +5% year over year.Analysts forecast 'Revenue- Product- Collaboration' to reach $1.06 billion. The estimate points to a change of -4.7% from the year-ago quarter.Analysts predict that the 'Non-Gaap Gross Margin- Service' will reach $2.59 billion. The estimate is in contrast to the year-ago figure of $2.44 billion.Analysts' assessment points toward 'Non-Gaap Gross Margin- Product' reaching $6.48 billion. Compared to the current estimate, the company reported $7.41 billion in the same quarter of the previous year.View all Key Company Metrics for Cisco here>>>Over the past month, shares of Cisco have returned +8.5% versus the Zacks S&P 500 composite's +4.9% change. Currently, CSCO carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks