VMware Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

VMware, Inc. VMW is expected to report second-quarter results, after the closing bell on Aug. 31, 2023.

Analysts expect the company to post quarterly earnings at $1.71 per share, up from year-ago earnings of $1.64 per share. The company’s revenue might come in at $3.46 billion, compared to $3.34 billion in the year-ago period.

VMware shares fell 0.5% to close at $166.69 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Monness, Crespi, Hardt analyst Brian White downgraded the stock from Buy to Neutral on Aug. 28, 2023. This analyst has an accuracy rate of 67%.
• UBS analyst Karl Keirstead maintained a Neutral rating and raised the price target from $161 to $180 on Aug. 23, 2023. This analyst has an accuracy rate of 74%.
• Mizuho analyst Gregg Moskowitz maintained a Neutral rating and increased the price target from $138 to $158 on Aug. 16, 2023. This analyst has an accuracy rate of 61%.
• BMO Capital analyst Keith Bachman maintained a Market Perform rating and raised the price target from $139 to $140 on June 7, 2023. This analyst has an accuracy rate of 76%.
• Piper Sandler analyst James Fish maintained a Neutral rating and boosted the price target from $125 to $134 on June 2, 2023. This analyst has an accuracy rate of 62%.

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