Dell's Stock Value Falls Amidst Declining PC Sales
Current Stock Price: $11.34 as of May 20, 2024, 11:34 AM
Dell Technologies has been facing challenges in recent quarters due to declining demand for personal computers (PCs). The company's stock price has reflected this, with a significant drop observed in the last few months.
Earnings Forecast for Q1 2024
Analysts predict Dell Technologies may report earnings per share (EPS) of $1.27 in the upcoming Q1 2024 earnings report. This estimate represents a significant increase compared to the EPS of $0.81 reported for Q1 2023.
Despite the earnings forecast, investors remain cautious due to the company's ongoing challenges in the PC market. The release of the Q1 earnings report on May 30 is expected to provide further insights into Dell's financial performance and future prospects.
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