Home > Dell Stock Price Struggles to Break above $100 Ahead of the Q2 2021 Earnings

Dell Stock Price Struggles to Break above $100 Ahead of the Q2 2021 Earnings

Dell Technologies (NYSE: DELL) is expected to release its Q2 2021 earnings next week. The market estimate for the quarterly EPS is $2.04, higher by 6.13% compared to the same period last year.

Dell is an American IT company providing technology hardware, storage, and peripherals. It is scheduled to release its Q2 2021 earnings next week on the 26th of August, and the market expects EPS of $2.04, higher than the same period last year.

Dell stock price has struggled to hold above $100 recently. It failed twice, but buyers keep coming in on every dip. The bias for this earnings release is that Dell will beat estimates if we consider that it did so in the past four consecutive quarters. Moreover, the IT industry benefited from the pandemic, as sales increased despite the economic recession.

What Do Analysts Say About Dell Stock Price?

Dell operated with a gross profit margin of 31.22% in the last 12 months, lower than the 48.68% sector median. However, the return on total capital over the same period is 5.85%, higher than the 4.94% sector median.

Investors are optimistic that Dell will beat estimates for the second quarter. The company expects an increase in EPS compared to Q2 2020.

Most analysts have buy ratings on Dell stock price (33 out of 45), and only 12 have neutral ratings. No analyst issued a sell rating. The highest target for Dell stock price is from Morgan Stanley – $130.

Dell stock price increased by over 60% in the last 12 months and over 30% this year alone. It has recently announced a partnership with GE (NYSE: GE) to help the company simplify its global IT operations.

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