ReutersReuters

PREVIEW: Dell seen reporting higher rev, EPS in results due after the close

Refinitivقراءة أقل من دقيقة

** Shares of Dell Technologies DELL are down 0.8% on Tues, with the co expected to report a yr-over-yr gain in rev and EPS in its qtrly results, due after the closing bell

** Analysts expect Q3 rev of $27.13 bln vs $24.37 bln in the yr-ago period, and adj EPS of $2.47 vs $2.15 a yr ago, according to LSEG

** The median 12-mo PT on DELL is $160.00; the stock was last at $126.26

** Analyst recommendations include ratings of 19 "strong buy" or "buy", six "hold" and one "sell"

** Dell in August raised its annual rev and profit forecasts, buoyed by demand for its AI-optimized servers that are powered by Nvidia's NVDA advanced chips

** Nvidia's stock is down on Tues after a report on Mon that Meta META is in discussions with Google GOOG to use its AI chips

** DELL stock is now up ~10% YTD compared with a roughly 15% gain in the S&P 500 SPX

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