Cisco CSCO, -0.34% is scheduled to report fiscal fourth-quarter earnings on Wednesday afternoon, wrapping up its fiscal year. The company acknowledged back in May that it was facing supply constraints and higher prices, but Chief Executive Chuck Robbins said then he was confident “we will work through this, as we have already put in place revised arrangements with several of our key suppliers.”
“The focus this quarter will be on Cisco’s ability to pass more of its elevated costs on to customers and general pricing concerns,” Suva said. What to expect Earnings: Cisco on average is expected to post adjusted earnings of 83 cents a share, up from 80 cents a share in the year-ago period, according to a FactSet survey of 26 analyst estimates. In May, Cisco forecast 81 cents to 83 cents a share. Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 86 cents a share.
Stock movement: In Cisco’s fiscal fourth quarter, shares gained 8.8%, while the Dow Jones Industrial Average DJIA, +0.31% — which counts Cisco as a component — rose 3.1%, the S&P 500 index SPX, +0.26% gained 5.1%, and the tech-heavy Nasdaq Composite Index COMP, -0.20% advanced 5.1%.
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