In the latest close session, NetApp (NTAP) was up +2.55% at $110.52. The stock outpaced the S&P 500's daily gain of 1.52%. On the other hand, the Dow registered a gain of 1.89%, and the technology-centric Nasdaq increased by 1.88%.
Shares of the data storage company have appreciated by 2.98% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.05%, and the S&P 500's gain of 1.1%.
Market participants will be closely following the financial results of NetApp in its upcoming release. The company plans to announce its earnings on August 27, 2025. The company is forecasted to report an EPS of $1.54, showcasing a 1.28% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.54 billion, down 0.11% from the year-ago period.
NTAP's full-year Zacks Consensus Estimates are calling for earnings of $7.74 per share and revenue of $6.75 billion. These results would represent year-over-year changes of +6.76% and +2.66%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for NetApp. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% higher. NetApp is currently a Zacks Rank #2 (Buy).
In terms of valuation, NetApp is presently being traded at a Forward P/E ratio of 13.93. This denotes no noticeable deviation relative to the industry average Forward P/E of 13.93.
It is also worth noting that NTAP currently has a PEG ratio of 1.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computer- Storage Devices industry was having an average PEG ratio of 1.65.
The Computer- Storage Devices industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 26, finds itself in the top 11% echelons of all 250+ industries.
