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Dell Technologies (DELL - Free Report) is set to report its third-quarter fiscal 2023 results on Nov 21.

Dell expects fiscal third-quarter revenues in the range of $23.8-$25 billion, suggesting an 8% decline on a year-over-year basis at the midpoint. Earnings are expected between $1.53 and $1.79 per share, flat on a year-over-year basis at the midpoint.

The Zacks Consensus Estimate for revenues is pegged at $24.34 billion, suggesting 14.3% growth from the figure reported in the year-ago quarter.

The consensus mark for quarterly earnings is pegged at $1.59 per share, indicating a 32.91% decline from the year-ago quarter’s figure. The consensus estimate for earnings has declined by 1.2% in the past 30 days.

Dell's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in the remaining one. The company delivered a trailing four-quarter earnings surprise of 6.58% on average.
 

Dell Technologies Inc. Price and EPS Surprise

Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote

Let's see how things have shaped up for DELL before this announcement.
 

Factors to Watch

Although the global chip shortage and supply-chain constraints are leading to unpredictability in the technology sector, Dell is expected to have benefited from the ongoing digital transformation and strong demand environment in the to-be-reported quarter.

However, unfavorable foreign exchange is expected to have been a headwind.

Dell is expected to have benefited from strong growth in servers and networking revenues in the to-be-reported quarter. IT spending is now expected to be higher for servers and networking, as well as storage solutions. This is expected to have benefited Infrastructure Solutions Group revenues in the to-be-reported quarter.

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