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Dell Technologies Q2 2023 Earnings: A Mixed Performance Amidst Revenue and EPS Beats

Published by MEXEM Technical Analysis

June 13, 2023 5:17 PM
(GMT+2)

Published - June 2nd, 2023 @ 12:37 PM (CET)

In the quarter ending April 2023, Dell Technologies (DELL) (NYSE:DELL) , disclosed revenue of $20.92 billion, a decrease of 19.9% from the corresponding period the previous year. The EPS fell to $1.31 of the prior year's $1.84.

The announced revenue exceeded the Zacks Consensus Estimate of $20.15 billion by +3.86%. Meanwhile, the reported EPS of $1.31 surpassed the consensus estimate of $0.87 by +50.58%.

Investors often compare revenue and earnings shifts year-over-year with Wall Street forecasts when deciding future investment strategies. However, a more accurate depiction of a company's financial condition is given by several vital metrics.

These metrics, significant to both top- and bottom-line performance, when juxtaposed with the prior year's figures and analyst estimates, aid investors in forecasting a stock's price performance more precisely.

The performance of Dell Technologies in the latest quarter, according to the most tracked and predicted metrics by Wall Street analysts, was as follows:

Net Revenue- Client Solutions Group:


$11.98 billion, a year-over-year change of -23.1%, which outpaced the $11.39 billion average estimate of three analysts.


Net Revenue- Infrastructure Solutions Group:


Reported at $7.59 billion, exhibiting a year-over-year change of -18.2%, aligned with the three-analyst average estimate of $7.59 billion.


Net Revenue- Other businesses:


Reached $1.34 billion, surpassing the three-analyst average estimate of $1.28 billion.


Net Revenue- Client Solutions Group- Consumer:


$2.12 billion, falling short of the $2.24 billion average estimate projected by three analysts.


Net Revenue- Infrastructure Solutions Group- Storage:


$3.76 billion, under the three-analyst average estimate of $3.98 billion.


Net Revenue- Client Solutions Group- Commercial:


At $9.86 billion, it exceeded the $9.15 billion estimate by three analysts.


Net Revenue- Infrastructure Solutions Group- Servers and networking:


The reported figure of $3.84 billion surpassed the $3.62 billion average estimate of three analysts.


Operating Income- Client Solutions Group:


Came in at $892 million, surpassing the $676.50 million average estimate of two analysts.


Operating Income- Infrastructure Solutions Group:


At $740 million, it fell short of the two-analyst average estimate of $769.87 million.


In the past month, Dell Technologies shares have returned -0.8%, compared to a +0.4% change in the Zacks S&P 500 composite.
Currently, the stock holds a Zacks Rank #3 (Hold), suggesting its performance could align with the broader market in the short term.

The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.

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