Revenue Estimates Analysis Of Red Hat, Inc. (RHT)

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Red Hat, Inc. (RHT) will report its next earnings on Jun 20 AMC. The company reported the earnings of $0.56/Share in the last quarter where the estimated EPS by analysts was $0.53/share. The difference between the expected and actual EPS was $0.03/share, which represents an Earnings surprise of 5.7%.

Many analysts are providing their Estimated Earnings analysis for Red Hat, Inc. and for the current quarter 27 analysts have projected that the stock could give an Average Earnings estimate of $0.67/share. These analysts have also projected a Low Estimate of $0.66/share and a High Estimate of $0.68/share.

In case of Revenue Estimates, 24 analysts have provided their consensus Average Revenue Estimates for Red Hat, Inc. as 699.3 Million. According to these analysts, the Low Revenue Estimate for Red Hat, Inc. is 696.48 Million and the High Revenue Estimate is 701.8 Million. The company had Year Ago Sales of 599.8 Million.

These analysts also forecasted Growth Estimates for the Current Quarter for RHT to be 21.8%. They are projecting Next Quarter growth of 14.8%. For the next 5 years, Red Hat, Inc. is expecting Growth of 16.94% per annum, whereas in the past 5 years the growth was 15.94% per annum.

Some buy side analysts are also providing their Analysis on Red Hat, Inc., where 9 analysts have rated the stock as Strong buy, 11 analysts have given a Buy signal, 8 said it’s a HOLD, 1 reported it as Underperform. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)

When it comes to the Analysis of a Stock, Price Target plays a vital role. Analysts reported that the Price Target for Red Hat, Inc. might touch $127 high while the Average Price Target and Low price Target is $106.72 and $89 respectively.

Red Hat, Inc. closed its last trading session at $97.7 with the loss of -1.79%. The Market Capitalization of the company stands at 17 Billion. The Company has 52-week high of $101.72 and 52-week low of $68.54. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is -2.9% where SMA50 and SMA200 are 0.33% and 13.59% respectively. The Company Touched its 52-Week High on 07/27/17 and 52-Week Low on 12/22/16.

The Relative Volume of the company is 1.24 and Average Volume (3 months) is 1.56 million. Red Hat, Inc. P/E (price to earnings) ratio is 65.81 and Forward P/E ratio of 30.38.

The company shows its Return on Assets (ROA) value of 6.2%. The Return on Equity (ROE) value stands at 20.7%. While it’s Return on Investment (ROI) value is 13.3%.

While looking at the Stock’s Performance, Red Hat, Inc. currently shows a Weekly Performance of -2.28%, where Monthly Performance is -2.92%, Quarterly performance is 8.36%, 6 Months performance is 20.98% and yearly performance percentage is 29.05%. Year to Date performance value (YTD perf) value is 37.66%. The Stock currently has a Weekly Volatility of 1.34% and Monthly Volatility of 1.51%.