Dell Technologies Inc. (NYSE:DELL) is in the spotlight Thursday ahead of its second quarter earnings report today after the market closes.
What To Know: Dell is due to report second-quarter financial results after the market close on Thursday. Analysts estimate earnings per share of $2.31 and revenue of $29.17 billion.
In the first quarter, the company reported earnings per share of $1.55, missing the consensus estimate of $1.69. In addition, Dell reported revenue of $23.38 billion, beating the consensus estimate of $23.14 billion.
In recent quarters, Dell has shown a mixed record in beating consensus estimates for revenue and earnings per share.
Analyst Changes: Ahead of the earnings report, multiple analysts raised price targets, suggesting Street optimism heading into the print.
- Morgan Stanley analyst Erik Woodring maintained an Overweight rating on Dell and raised the price target from $135 to $144.
- Citigroup analyst Asiya Merchant maintained a Buy rating on Dell and raised the price target from $135 to $160.
The consensus price target for Dell is $142.17, with the lowest price target at $80.00 and the highest price target at $165.00.
DELL Price Action: At the time of writing, Dell shares are trading 0.63% higher at $133.34, according to data from Benzinga Pro.
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