The fourth quarter financial results of Cisco Systems (NASDAQ: CSCO) will be revealed on Wednesday 14th August 2024. This eagerly awaited announcement is slated to occur after market close, enabling investors and market participants to gain valuable insights into the company’s financial performance.
According to the predictions of financial experts on Wall Street, the organization is set to unveil an estimated $0.78 profit per share for the quarter. Additionally, the company is expected to report a total revenue of $12.38 billion for the specific period.
CSCO anticipating that their Q4 total revenue is set to hit between $13.40 and $13.60 billion! Plus, their earnings per share are projected to achieve anywhere in the range of an impressive income of $0.84 – $0.86 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $0.88 | -12.0% | 12.70 B | -12.8% |
| Q2 2024 | $0.87 | -1.1% | 12.79 B | -5.9% |
| Q1 2024 | $1.11 | +29.1% | 14.67 B | +7.6% |
| Q4 2023 | $1.14 | +37.3% | 15.20 B | +16.0% |
*Growth on year-over-year basis
Wall Street analysts have shared their forecasts for the company’s annual performance, predicting a total revenue of $49.1 billion. Additionally, they expect the company to post profit of $3.39 per share for the fiscal year.
Rolling out their 2024 plans, CSCO has predicted a revenue ranging from $53.60 to $53.80 billion, with an anticipation of earnings around $3.69 to $3.71 profit per share.
Cisco Systems (NASDAQ: CSCO) witnessed a striking 0.28 percent sharp increase during the regular trading session on Wednesday 14th August 2024, touching $45.50 around 11:49 AM. A trading volume of 8.43 million shares were recorded. The company shares trading activity has been confined to a range of $45.04 to $45.56 thus far. The company had closed prior day trading at $45.37.
