Analysts estimate that Fortinet will report an earnings per share (EPS) of $0.52.
Fortinet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
In the previous earnings release, the company beat EPS by $0.16, leading to a 25.3% increase in the share price the following trading session.
Here's a look at Fortinet's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.41
0.38
0.43
0.36
EPS Actual
0.57
0.43
0.51
0.41
Price Change %
25.0%
-10.0%
4.0%
-12.0%
Tracking Fortinet's Stock Performance
Shares of Fortinet were trading at $77.92 as of November 05. Over the last 52-week period, shares are up 61.53%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Analyst Opinions on Fortinet
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Fortinet.
Analysts have given Fortinet a total of ...
