VeriSign (NASDAQ:VRSN) is expected to report Q1 earnings after the market close on Thursday, April 26, with a conference call scheduled for 4:30 pm ET.
The consensus estimate is 43c for EPS and $208.60M for revenue, according to First Call. VeriSign missed consensus estimates in the prior quarter, but that only slowed the stock's rise for a short time. Revenue has seen growth for three consecutive quarters.
Citigroup expects the registry to surpass the high end of management's guidance of 2.4M-2.7M net adds. The firm expects financial results only slightly ahead of its estimates of 32c on $205M in revenue, due to the ratable nature of the business -- however accelerating domain trends are positive for the long term outlook. The firm estimates VeriSign will report net adds of about 2.8M, which is ahead of its estimate of 2.4M and the high end of guidance of 2.4M-2.7M. This is a stark contrast to low-end of guidance performance in VeriSigns last two quarters.