Dell reports its fiscal first-quarter results after the market closes Thursday. How should you be positioned into the results?
It seems Michael Dell and company are facing some blustery headwinds – to say the least. According to research groups, PC shipments sank about 7 percent worldwide in the first three months of the year.
Also Dell lost the top spot as our nation’s number one computer maker to Hewlett-Packard.
Ontop of that, this time of year is seasonally slow for Dell. Its busiest times are the back-to-school and holiday shopping months.
What should you expect?
On average, analysts surveyed by Thomson Reuters expect Dell to post a profit of 23 cents per share on $12.7 billion in revenue.
Kaufman Bros. analyst Shaw Wu cut his quarterly estimates for Dell last week. In a note to clients, he wrote that Dell was hurt by its reliance on business customers, which continue to struggle with the economic crisis.