Fortinet Earnings Estimate

FTNT
 Stock
  

USD 53.39  1.20  2.30%   

Many public companies, such as Fortinet, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Fortinet's earnings estimates, investors can diagnose different trends across Fortinet's analyst sentiment over time as well as compare current estimates against different timeframes.
Fortinet is projected to generate 2.85 in earnings per share on the 31st of December 2021. Fortinet earnings estimates module stress-tests analyst consensus about projected Fortinet EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please check Investing Opportunities.
  
Gross Profit is likely to gain to about 2.8 B in 2022, whereas Profit Margin is likely to drop 0.15 in 2022.

Fortinet Earnings Estimation Breakdown

Calculation of earning per share of Fortinet is based on official Zacks consensus of 8 analysts regarding Fortinet future annual earnings. Given the historical accuracy of 83.99%, the future earnings per share of Fortinet is estimated to be 2.85 with the lowest and highest values of 2.82 and 2.9, respectively. Please note that this consensus of annual earnings estimates for Fortinet is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 3.32
2.82
Lowest
Expected EPS 2.85
2.90
Highest

Fortinet Earnings Projection Consensus

Suppose the current estimates of Fortinet's value are higher than the current market price of the Fortinet stock. In this case, investors may conclude that Fortinet is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Fortinet's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

8

83.99%

3.32

2.85

Fortinet Earnings History

Earnings estimate consensus by Fortinet analysts from Wall Street is used by the market to judge Fortinet's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Fortinet's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Fortinet Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

205.5 Million

Fortinet Earning Before Interest and Taxes EBIT is comparatively stable at the moment as compared to the past year. Fortinet reported Earning Before Interest and Taxes EBIT of 635.8 Million in 2021. Earnings per Basic Share is likely to gain to 0.80 in 2022, whereas Accumulated Retained Earnings Deficit are likely to drop (480.2 M) in 2022. Fortinet Weighted Average Shares is comparatively stable at the moment as compared to the past year. Fortinet reported Weighted Average Shares of 816 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 935 M in 2022, whereas Issuance Purchase of Equity Shares is likely to drop (734.6 M) in 2022.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Fortinet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Fortinet in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
48.6452.2155.78
Details
Intrinsic
Valuation
LowReal ValueHigh
46.97123.99127.56
Details
Naive
Forecast
LowNext ValueHigh
46.8350.3953.96
Details
21 Analysts
Consensus
LowTarget PriceHigh
180.00346.05425.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fortinet. Your research has to be compared to or analyzed against Fortinet's peers to derive any actionable benefits. When done correctly, Fortinet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Fortinet.
Note that many institutional investors and large investment bankers can move markets due to the volume of Fortinet assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Fortinet. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Fortinet stock price in the short term.

Fortinet Earnings per Share Projection vs Actual

Actual Earning per Share of Fortinet refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Fortinet predict the company's earnings will be in the future. The higher the earnings per share of Fortinet, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Fortinet Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Fortinet, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Fortinet should always be considered in relation to other companies to make a more educated investment decision.

Fortinet Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Fortinet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-08-03
2022-06-300.220.240.02
2022-05-04
2022-03-310.160.190.0318 
2022-02-03
2021-12-310.230.250.02
2021-11-04
2021-09-300.190.20.01
2021-07-29
2021-06-300.180.190.01
2021-04-29
2021-03-310.150.160.01
2021-02-04
2020-12-310.190.210.0210 
2020-10-29
2020-09-300.160.180.0212 
2020-08-06
2020-06-300.130.160.0323 
2020-05-06
2020-03-310.510.60.0917 
2020-02-06
2019-12-310.70.760.06
2019-10-31
2019-09-300.560.670.1119 
2019-08-01
2019-06-300.50.580.0816 
2019-05-02
2019-03-310.390.460.0717 
2019-02-06
2018-12-310.520.590.0713 
2018-11-01
2018-09-300.420.490.0716 
2018-08-01
2018-06-300.360.410.0513 
2018-05-03
2018-03-310.240.330.0937 
2018-02-05
2017-12-310.290.320.0310 
2017-10-26
2017-09-300.230.280.0521 
2017-07-26
2017-06-300.20.270.0735 
2017-04-27
2017-03-310.150.170.0213 
2017-02-02
2016-12-310.210.30.0942 
2016-10-27
2016-09-300.150.180.0320 
2016-07-28
2016-06-300.140.140
2016-04-26
2016-03-310.090.120.0333 
2016-01-28
2015-12-310.180.180
2015-10-22
2015-09-300.120.140.0216 
2015-07-22
2015-06-300.090.110.0222 
2015-04-20
2015-03-310.060.080.0233 
2015-01-28
2014-12-310.140.140
2014-10-22
2014-09-300.110.120.01
2014-07-23
2014-06-300.10.110.0110 
2014-04-23
2014-03-310.080.110.0337 
2014-01-29
2013-12-310.140.150.01
2013-10-23
2013-09-300.110.120.01
2013-07-30
2013-06-300.10.10
2013-04-30
2013-03-310.10.10
2013-01-30
2012-12-310.150.170.0213 
2012-10-16
2012-09-300.140.140
2012-07-25
2012-06-300.120.120
2012-04-24
2012-03-310.110.110
2012-01-31
2011-12-310.120.140.0216 
2011-10-24
2011-09-300.090.130.0444 
2011-07-19
2011-06-300.080.090.0112 
2011-04-27
2011-03-310.070.090.0228 
2011-01-25
2010-12-310.070.110.0457 
2010-10-21
2010-09-300.050.090.0480 
2010-07-22
2010-06-300.040.060.0250 
2010-04-28
2010-03-310.030.040.0133 
2010-01-27
2009-12-310.040.070.0375 
2009-12-02
2009-09-30None0.0123None

About Fortinet Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Fortinet earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Fortinet estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Fortinet fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit-467.9 M-480.2 M
Earning Before Interest and Taxes EBIT635.8 M686 M
Earnings per Basic Share 0.74  0.80 
Earnings per Diluted Share 0.73  0.78 
Price to Earnings Ratio 96.61  113.63 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA720.2 M777.1 M
Earnings before Tax620.9 M669.9 M
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 10860 people.

Fortinet Investors Sentiment

The influence of Fortinet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fortinet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Fortinet's public news can be used to forecast risks associated with investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Fortinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortinet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fortinet's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Fortinet.

Fortinet Implied Volatility

    
  37.47  
Fortinet's implied volatility exposes the market's sentiment of Fortinet stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fortinet's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fortinet stock will not fluctuate a lot when Fortinet's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fortinet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fortinet's short interest history, or implied volatility extrapolated from Fortinet options trading.

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Please check Investing Opportunities. Note that the Fortinet information on this page should be used as a complementary analysis to other Fortinet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Fortinet price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.28
Market Capitalization
42.8 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0833
Return On Equity
2.01
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine Fortinet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.