Citrix Systems Q4 Earnings Preview: CTXS Up 11.7% Since Last Report


Citrix Systems, Inc. (NASDAQGS:CTXS) is scheduled to report Q4 earnings results on January 22, 2020. The earnings conference call with management is expected to start at 4:45 PM EST.

The company is expected to report earnings of $1.67/share on revenue of $800.7 million. The consensus earnings per share (EPS) of $1.67/share is based on a poll of 16 analysts and represents a decline of -0.3% over the same quarter last year when the company reported earnings of $1.67/share.

The revenue forecast of $800.7 million based on a poll of 13 analysts implies a year-over-year (YoY) decline of -0.1%. Last year the company reported $801.9 million in revenue for the quarter.

Expected to report EPS decline of -$0/share for Q4, 2019
Metric Expected Prior Year YoY Change
Revenue $800.70 $801.87 -0.1%
EPS $1.67 $1.67 -0.3%

Earnings Call Trends

Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.

What are your expectations from Citrix Systems for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q3, 2019 $1.25 $1.52 21.6% Beat
Q2, 2019 $1.33 $1.21 -9.0% Missed
Q1, 2019 $1.18 $1.27 7.6% Beat
Q4, 2018 $1.59 $1.67 4.8% Beat
Q3, 2018 $1.25 $1.40 11.6% Beat
Q2, 2018 $1.20 $1.28 6.7% Beat
Q1, 2018 $1.05 $1.29 22.9% Beat
Q4, 2017 $1.60 $1.66 3.7% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.

After the last earnings report for the period ending September 30, 2019, the stock price reacted by increasing by 1.9%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
2019-10-24 $103.67 $105.64 1.9% Increase
2019-07-24 $100.88 $95.07 -5.8% Decline
2019-04-24 $100.88 $99.52 -1.3% Decline
2019-01-23 $108.25 $101.86 -5.9% Decline

Fundamentals And Technical Analysis

Citrix Systems is currently trading at $118/share, up 0.7% for the day. The company is trading at approximately 100.0% of its 52-week high of $117.47/share. The company’s stock price is up 11.7% since the last earnings report and up 2.6% over the previous week.

The company’s 14 Day Relative Price Index (RSI) of 74.20 suggests the company is trading in technically overbought territory. The RSI is considered overbought when above 70 and oversold when below 30.

NASDAQGS:CTXS Stock Price Chart Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 23.8x and a forward P/E multiple of 20.2x. Citrix Systems’s current share price also implies a price-to-book (P/B) multiple of 21.4x. The following table summarizes some other key fundamental ratios:

Data as of January 21, 2020
Metric Value
Last Fiscal Period FY2019.Q3
Period End Date September 30, 2019
Stock Price (Current) $118
P/E Ratio 23.8x
P/E Ratio (Fwd) 20.2x
PEG Ratio -3.0
Total Debt to Capital (%) 6.2%
Levered Free Cash Flow $717.9 million
Enterprise Value / EBITDA 21.0x

Source: Finbox

Company Profile: Citrix Systems, Inc.

Citrix Systems, Inc. is a large-cap stock with a market capitalization of $15.264 billion and a total enterprise value of $15.726 billion. The company operates in the Information Technology sector and the Software industry.

Citrix Systems, Inc. provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises data centers; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

Its workspace services also comprise Citrix Endpoint Management enterprise mobility management solutions; and Citrix Workspace Suite, which provides apps, desktops, branch networking and WAN, enterprise mobility management, and data people need for business productivity. In addition, the company offers networking products comprising Citrix ADC, a software-defined application delivery controller designed for organizations undergoing digital transformation; and Citrix SD-WAN that enhances applications delivered from the legacy data center, cloud, or SaaS. Further, it provides content collaboration offerings that include Citrix Content Collaboration, a cloud-based file sharing, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices for businesses.

Additionally, the company offers support, hardware maintenance, professional consulting, and product training, and certification services. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc.

Citrix Systems, Inc. was founded in 1989 and is headquartered in Fort Lauderdale, Florida.

Expertise: financial modeling, mergers & acquisitions. Andy is also a founder at, where he’s focused on building tools that make it faster and easier for investors to do investment research. Andy’s background is in investment banking where he led the analysis on over 50 board advisory engagements involving mergers and acquisitions, fairness opinions and solvency opinions. Some of his board advisory highlights: - Sears Holdings Corp.’s $620 mm spin-off via rights offering of Sears Outlet, Hometown Stores and Sears Hardware Stores. - Cerberus Capital Management’s $3.3 bn acquisition of SUPERVALU Inc.’s New Albertsons, Inc. assets. Andy can be reached at or at +1 (516) 778-6257.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.