NetApp (NTAP) ended the recent trading session at $110.40, demonstrating a -1.86% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.21%. At the same time, the Dow added 1.18%, and the tech-heavy Nasdaq lost 0.25%.
Shares of the data storage company have depreciated by 5.35% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.68%, and the S&P 500's gain of 4.36%.
Investors will be eagerly watching for the performance of NetApp in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 25, 2025. On that day, NetApp is projected to report earnings of $1.89 per share, which would represent year-over-year growth of 1.07%. Alongside, our most recent consensus estimate is anticipating revenue of $1.69 billion, indicating a 1.68% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.77 per share and revenue of $6.76 billion, indicating changes of +7.17% and +2.85%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for NetApp. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, NetApp holds a Zacks Rank of #3 (Hold).
From a valuation perspective, NetApp is currently exchanging hands at a Forward P/E ratio of 14.48. For comparison, its industry has an average Forward P/E of 21.16, which means NetApp is trading at a discount to the group.
Also, we should mention that NTAP has a PEG ratio of 1.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Computer- Storage Devices industry was having an average PEG ratio of 1.97.
The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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NetApp, Inc. (NTAP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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