What Analyst Projections for Key Metrics Reveal About Cisco (CSCO) Q2 Earnings

Wall Street analysts expect Cisco Systems (CSCO) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year increase of 4.6%. Revenues are expected to be $13.86 billion, up 8.4% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed 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 use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.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' assessment points toward 'Revenue- Product- Networking' reaching $6.66 billion. The estimate suggests a change of -5.9% year over year.The consensus estimate for 'Revenue- Services' stands at $3.73 billion. The estimate points to a change of +4.8% from the year-ago quarter.The combined assessment of analysts suggests that 'Revenue- Product- Security' will likely reach $1.99 billion. The estimate suggests a change of +104.2% year over year.The average prediction of analysts places 'Revenue- Product' at $9.92 billion. The estimate indicates a change of +7.4% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Revenue- Product- Collaboration' of $1.00 billion. The estimate indicates a year-over-year change of +1.5%.Analysts forecast 'Non-Gaap Gross Margin- Service' to reach $2.64 billion. Compared to the current estimate, the company reported $2.51 billion in the same quarter of the previous year.Analysts expect 'Non-Gaap Gross Margin- Product' to come in at $6.56 billion. The estimate compares to the year-ago value of $6.02 billion.View all Key Company Metrics for Cisco here>>>Over the past month, shares of Cisco have returned +5.2% versus the Zacks S&P 500 composite's +1.9% change. Currently, CSCO carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback 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