Red Hat (RHT) - Get Red Hat, Inc. Report is expected to report net income of $162.4 million, or 87 cents a share, on sales of $931.6 million after the market closes on Thursday, based on a FactSet survey of 14 analysts.
In the same period a year ago, the company posted earnings of 72 cents a share on sales of $791 million. It reported a loss of 12.2 million.
The stock has risen 2.1% since the company last reported earnings on Mar. 25.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Red Hat is currently trading at a price-to-forward-earnings ratio of 45.9 based on the 12-month estimates of 14 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting net income of $184.3 million, or 98 cents a share, on sales of $951.9 million.
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