Arista Networks (ANET) Stock Forecast, Price Target & Predictions
ANET Stock Forecast
Arista Networks stock forecast is as follows: an average price target of $193.10 (represents a -38.51% downside from ANET’s last price of $314.03) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
ANET Price Target
The average price target for Arista Networks (ANET) is $193.10 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $356.00 to $87.50. This represents a potential -38.51% downside from ANET's last price of $314.03.
ANET Analyst Ratings
According to 17 Wall Street analysts, Arista Networks's rating consensus is 'Buy'. The analyst rating breakdown for ANET stock is 0 'Strong Buy' (0.00%), 14 'Buy' (82.35%), 3 'Hold' (17.65%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Arista Networks Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 08, 2024 | Steve Enders | KeyBanc | $349.00 | $291.67 | 19.66% | 11.14% |
| Apr 12, 2024 | Amit Daryanani | Evercore ISI | $300.00 | $271.22 | 10.61% | -4.47% |
| Apr 12, 2024 | Mike Genovese | Rosenblatt Securities | $210.00 | $296.58 | -29.19% | -33.13% |
| Mar 21, 2024 | Michael Ng | Goldman Sachs | $356.00 | $304.60 | 16.87% | 13.36% |
| Feb 12, 2024 | Ben Reitzes | Melius Research | $300.00 | $282.45 | 6.21% | -4.47% |
| Feb 12, 2024 | James Fish | Piper Sandler | $209.00 | $282.45 | -26.00% | -33.45% |
| Feb 12, 2024 | Erik Suppiger | JMP Securities | $325.00 | $282.45 | 15.06% | 3.49% |
| Aug 01, 2023 | Erik Suppiger | JMP Securities | $200.00 | $185.61 | 7.75% | -36.31% |
| Dec 13, 2022 | - | Cowen & Co. | $212.00 | $136.16 | 55.70% | -32.49% |
| Oct 25, 2022 | Sami Badri | Credit Suisse | $110.00 | $110.74 | -0.67% | -64.97% |
The latest Arista Networks stock forecast, released on May 08, 2024 by Steve Enders from KeyBanc, set a price target of $349.00, which represents a 19.66% increase from the stock price at the time of the forecast ($291.67), and a 11.14% increase from ANET last price ($314.03).
Arista Networks Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 4 | 8 |
| Avg Price Target | $286.33 | $303.75 | $281.13 |
| Last Closing Price | $314.03 | $314.03 | $314.03 |
| Upside/Downside | -8.82% | -3.27% | -10.48% |
In the current month, the average price target of Arista Networks stock is $286.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -8.82% decrease as opposed to Arista Networks's last price of $314.03. This month's average price target is down -5.73% compared to last quarter, and up 1.85% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 09, 2024 | Barclays | Overweight | Overweight | Hold |
| May 08, 2024 | KeyBanc | Overweight | Overweight | Hold |
| May 03, 2024 | Jefferies | - | Buy | Upgrade |
| Apr 12, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Feb 12, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Feb 12, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Feb 12, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Feb 12, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 31, 2023 | Needham | Overweight | Overweight | Hold |
| Oct 31, 2023 | JMP Securities | Market Outperform | Market Outperform | Hold |
Arista Networks's last stock rating was published by Barclays on May 09, 2024. The company gave ANET a "Overweight" rating, the same as its previous rate.
Arista Networks Financial Forecast
Arista Networks Revenue Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.54B | - | - | $1.35B | $1.28B | - | - | $877.07M | $824.46M | $748.70M | $707.32M | $667.56M | $648.48M | $605.43M | $540.57M | $523.03M | $552.55M | $654.41M |
| Avg Forecast | $2.26B | $2.20B | $2.12B | $2.06B | $2.07B | $1.98B | $1.89B | $1.79B | $1.78B | $1.71B | $1.65B | $1.55B | $1.53B | $1.48B | $1.38B | $1.31B | $1.20B | $1.06B | $978.75M | $856.14M | $790.10M | $738.23M | $688.26M | $642.17M | $629.87M | $580.01M | $529.92M | $517.17M | $551.33M | $653.27M |
| High Forecast | $2.33B | $2.26B | $2.19B | $2.12B | $2.13B | $2.05B | $1.95B | $1.85B | $1.83B | $1.76B | $1.66B | $1.59B | $1.54B | $1.51B | $1.42B | $1.35B | $1.24B | $1.09B | $1.01B | $890.47M | $821.79M | $767.83M | $715.86M | $667.92M | $655.13M | $603.27M | $551.17M | $537.91M | $573.43M | $679.46M |
| Low Forecast | $2.21B | $2.15B | $2.08B | $2.02B | $2.02B | $1.94B | $1.85B | $1.76B | $1.74B | $1.66B | $1.64B | $1.54B | $1.52B | $1.46B | $1.35B | $1.28B | $1.18B | $1.04B | $958.92M | $838.17M | $773.52M | $722.74M | $673.81M | $628.69M | $616.66M | $567.84M | $518.80M | $506.32M | $539.76M | $639.56M |
| # Analysts | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 9 | 13 | 12 | 13 | 13 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | 1.03% | 1.06% | - | - | 1.02% | 1.04% | 1.01% | 1.03% | 1.04% | 1.03% | 1.04% | 1.02% | 1.01% | 1.00% | 1.00% |
Arista Networks's average Quarter revenue forecast for Mar 24 based on 13 analysts is $1.55B, with a low forecast of $1.54B, and a high forecast of $1.59B. ANET's average Quarter revenue forecast represents a 0.70% increase compared to the company's last Quarter revenue of $1.54B (Dec 23).
Arista Networks EBITDA Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 9 | 13 | 12 | 13 | 13 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $650.30M | - | - | $505.48M | $486.45M | - | - | $291.08M | $281.42M | $248.91M | $235.53M | $222.57M | $215.28M | $216.74M | $194.88M | $183.69M | $207.77M | $255.97M |
| Avg Forecast | $794.00M | $771.54M | $745.17M | $723.01M | $725.57M | $696.94M | $663.99M | $629.62M | $623.71M | $602.13M | $579.23M | $378.67M | $298.54M | $334.30M | $341.40M | $344.24M | $271.40M | $303.91M | $310.37M | $312.95M | $246.72M | $240.25M | $226.85M | $211.35M | $206.28M | $196.15M | $178.89M | $162.38M | $188.97M | $226.23M |
| High Forecast | $818.71M | $795.55M | $768.35M | $745.51M | $748.15M | $718.63M | $684.66M | $649.22M | $643.12M | $619.84M | $582.76M | $454.40M | $358.24M | $401.17M | $409.68M | $413.09M | $325.68M | $364.70M | $372.44M | $375.54M | $296.07M | $288.30M | $272.22M | $253.62M | $247.53M | $235.38M | $214.66M | $194.85M | $226.76M | $271.47M |
| Low Forecast | $777.91M | $755.91M | $730.06M | $708.36M | $710.87M | $682.82M | $650.54M | $616.86M | $611.07M | $584.42M | $575.70M | $302.94M | $238.83M | $267.44M | $273.12M | $275.40M | $217.12M | $243.13M | $248.29M | $250.36M | $197.38M | $192.20M | $181.48M | $169.08M | $165.02M | $156.92M | $143.11M | $129.90M | $151.17M | $180.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.18% | - | - | 1.47% | 1.79% | - | - | 0.93% | 1.14% | 1.04% | 1.04% | 1.05% | 1.04% | 1.11% | 1.09% | 1.13% | 1.10% | 1.13% |
13 analysts predict ANET's average Quarter EBITDA for Mar 24 to be $378.67M, with a high of $454.40M and a low of $302.94M. This is -41.77% lower than Arista Networks's previous annual EBITDA (Dec 23) of $650.30M.
Arista Networks Net Income Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 9 | 13 | 12 | 13 | 13 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $613.64M | - | - | $436.47M | $427.09M | - | - | $272.26M | $239.29M | $224.31M | $196.89M | $180.37M | $182.96M | $168.38M | $144.79M | $138.43M | $260.69M | $208.90M |
| Avg Forecast | $846.71M | $810.51M | $798.47M | $774.45M | $763.91M | $731.89M | $694.69M | $658.14M | $644.41M | $623.11M | $618.80M | $317.23M | $253.85M | $301.26M | $267.55M | $288.39M | $230.77M | $273.88M | $243.22M | $262.18M | $209.79M | $216.50M | $189.63M | $171.27M | $175.30M | $152.38M | $132.91M | $122.37M | $237.11M | $184.63M |
| High Forecast | $880.96M | $843.30M | $830.77M | $805.78M | $794.81M | $761.50M | $722.79M | $684.76M | $670.48M | $661.65M | $652.25M | $380.68M | $304.62M | $361.52M | $321.05M | $346.07M | $276.93M | $328.65M | $291.87M | $314.61M | $251.75M | $259.80M | $227.56M | $205.53M | $210.36M | $182.85M | $159.50M | $146.84M | $284.53M | $221.55M |
| Low Forecast | $824.40M | $789.16M | $777.44M | $754.04M | $743.78M | $712.60M | $676.38M | $640.80M | $627.43M | $590.99M | $595.39M | $253.79M | $203.08M | $241.01M | $214.04M | $230.71M | $184.62M | $219.10M | $194.58M | $209.74M | $167.83M | $173.20M | $151.70M | $137.02M | $140.24M | $121.90M | $106.33M | $97.90M | $189.68M | $147.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.42% | - | - | 1.51% | 1.85% | - | - | 1.04% | 1.14% | 1.04% | 1.04% | 1.05% | 1.04% | 1.11% | 1.09% | 1.13% | 1.10% | 1.13% |
Arista Networks's average Quarter net income forecast for Mar 24 is $317.23M, with a range of $253.79M to $380.68M. ANET's average Quarter net income forecast represents a -48.30% decrease compared to the company's last Quarter net income of $613.64M (Dec 23).
Arista Networks SG&A Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 9 | 13 | 12 | 13 | 13 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $147.83M | - | - | $118.52M | $109.26M | - | - | $103.85M | $99.05M | $92.23M | $91.52M | $86.49M | $86.10M | $68.52M | $65.56M | $75.44M | $70.25M | $69.94M |
| Avg Forecast | $249.29M | $242.24M | $233.96M | $227.01M | $227.81M | $218.82M | $208.47M | $197.68M | $195.83M | $189.05M | $181.86M | $121.01M | $105.07M | $123.87M | $91.47M | $110.01M | $95.52M | $112.61M | $83.15M | $100.01M | $86.84M | $89.02M | $88.15M | $82.13M | $82.50M | $62.01M | $60.18M | $66.68M | $63.89M | $61.81M |
| High Forecast | $257.05M | $249.78M | $241.24M | $234.07M | $234.90M | $225.63M | $214.96M | $203.83M | $201.92M | $194.61M | $182.97M | $145.21M | $126.09M | $148.65M | $109.76M | $132.01M | $114.62M | $135.13M | $99.78M | $120.01M | $104.20M | $106.82M | $105.78M | $98.56M | $99.00M | $74.41M | $72.21M | $80.02M | $76.67M | $74.17M |
| Low Forecast | $244.24M | $237.33M | $229.22M | $222.40M | $223.19M | $214.38M | $204.25M | $193.68M | $191.86M | $183.49M | $180.75M | $96.81M | $84.06M | $99.10M | $73.17M | $88.00M | $76.42M | $90.09M | $66.52M | $80.00M | $69.47M | $71.22M | $70.52M | $65.71M | $66.00M | $49.61M | $48.14M | $53.35M | $51.12M | $49.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.41% | - | - | 1.08% | 1.14% | - | - | 1.04% | 1.14% | 1.04% | 1.04% | 1.05% | 1.04% | 1.11% | 1.09% | 1.13% | 1.10% | 1.13% |
Arista Networks's average Quarter SG&A projection for Mar 24 is $121.01M, based on 13 Wall Street analysts, with a range of $96.81M to $145.21M. The forecast indicates a -18.15% fall compared to ANET last annual SG&A of $147.83M (Dec 23).
Arista Networks EPS Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 9 | 13 | 12 | 13 | 13 | 17 | 8 | 8 | 7 | 7 | 13 | 7 | 15 | 8 | 10 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.98 | - | - | $1.42 | $1.39 | - | - | $0.88 | $0.78 | $0.73 | $0.65 | $0.59 | $0.60 | $0.56 | $0.48 | $0.46 | $0.85 | $0.68 |
| Avg Forecast | $2.65 | $2.53 | $2.50 | $2.42 | $2.39 | $2.29 | $2.17 | $2.06 | $2.01 | $1.95 | $1.93 | $1.74 | $1.70 | $1.58 | $1.44 | $1.35 | $1.21 | $1.04 | $0.92 | $0.81 | $0.74 | $0.68 | $0.64 | $0.60 | $0.60 | $0.55 | $0.49 | $0.45 | $0.52 | $0.60 |
| High Forecast | $2.75 | $2.64 | $2.60 | $2.52 | $2.48 | $2.38 | $2.26 | $2.14 | $2.10 | $2.07 | $2.04 | $1.84 | $1.75 | $1.69 | $1.50 | $1.40 | $1.26 | $1.09 | $0.96 | $0.85 | $0.77 | $0.72 | $0.67 | $0.63 | $0.63 | $0.58 | $0.51 | $0.48 | $0.55 | $0.63 |
| Low Forecast | $2.58 | $2.47 | $2.43 | $2.36 | $2.33 | $2.23 | $2.11 | $2.00 | $1.96 | $1.85 | $1.86 | $1.68 | $1.63 | $1.51 | $1.40 | $1.31 | $1.18 | $1.02 | $0.90 | $0.79 | $0.72 | $0.66 | $0.62 | $0.58 | $0.58 | $0.54 | $0.47 | $0.44 | $0.51 | $0.59 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | - | - | 1.05% | 1.15% | - | - | 1.09% | 1.06% | 1.07% | 1.01% | 0.99% | 1.01% | 1.00% | 0.98% | 1.00% | 1.63% | 1.13% |
According to 13 Wall Street analysts, Arista Networks's projected average Quarter EPS for Mar 24 is $1.74, with a low estimate of $1.68 and a high estimate of $1.84. This represents a -12.22% decrease compared to ANET previous annual EPS of $1.98 (Dec 23).
Arista Networks Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DM | Desktop Metal | $0.64 | $5.00 | 681.25% | Hold |
| DDD | 3D Systems | $3.70 | $14.00 | 278.38% | Hold |
| RGTI | Rigetti Computing | $1.16 | $4.00 | 244.83% | Buy |
| QBTS | D-Wave Quantum | $1.30 | $3.00 | 130.77% | Buy |
| CRCT | Cricut | $7.05 | $9.50 | 34.75% | Sell |
| IONQ | IonQ | $8.71 | $11.33 | 30.08% | Buy |
| SMCI | Super Micro Computer | $798.50 | $901.43 | 12.89% | Buy |
| HPQ | HP | $29.72 | $32.89 | 10.67% | Buy |
| PSTG | Pure Storage | $54.41 | $41.56 | -23.62% | Buy |
| NTAP | NetApp | $108.50 | $78.45 | -27.70% | Hold |
| ANET | Arista Networks | $314.03 | $193.10 | -38.51% | Buy |
| DELL | Dell | $132.77 | $70.73 | -46.73% | Buy |
ANET Forecast FAQ
Is Arista Networks a good buy?
Yes, according to 17 Wall Street analysts, Arista Networks (ANET) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 82.35% of ANET's total ratings.
What is ANET's price target?
Arista Networks (ANET) average price target is $193.1 with a range of $87.5 to $356, implying a -38.51% from its last price of $314.03. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Arista Networks stock go up soon?
According to Wall Street analysts' prediction for ANET stock, the company can go down by -38.51% (from the last price of $314.03 to the average price target of $193.1), up by 13.36% based on the highest stock price target, and down by -72.14% based on the lowest stock price target.
Can Arista Networks stock reach $500?
ANET's average twelve months analyst stock price target of $193.1 does not support the claim that Arista Networks can reach $500 in the near future.
What is Arista Networks's current price target trend?
3 Wall Street analysts forecast a $286.33 price target for Arista Networks (ANET) this month, down -8.82% from its last price of $314.03. Compared to the last 3 and 12 months, the average price target decreased by -3.27% and decreased by -10.48%, respectively.
What are Arista Networks's analysts' financial forecasts?
Arista Networks's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.73B (high $7.97B, low $7.57B), average EBITDA is $2.72B (high $2.8B, low $2.66B), average net income is $2.85B (high $2.96B, low $2.77B), average SG&A $852.78M (high $879.32M, low $835.5M), and average EPS is $8.91 (high $9.27, low $8.67). ANET's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.63B (high $8.9B, low $8.46B), average EBITDA is $3.03B (high $3.13B, low $2.97B), average net income is $3.23B (high $3.36B, low $3.15B), average SG&A $952.5M (high $982.14M, low $933.19M), and average EPS is $10.1 (high $10.51, low $9.83).
Did the ANET's actual financial results beat the analysts' financial forecasts?
Based on Arista Networks's last annual report (Dec 2023), the company's revenue was $5.86B, beating the average analysts forecast of $5.7B by 2.83%. Apple's EBITDA was $2.26B, beating the average prediction of $1.32B by 71.20%. The company's net income was $2.09B, beating the average estimation of $1.11B by 87.87%. Apple's SG&A was $518.11M, beating the average forecast of $430.42M by 20.38%. Lastly, the company's EPS was $6.75, beating the average prediction of $6.07 by 11.25%. In terms of the last quarterly report (Dec 2023), Arista Networks's revenue was $1.54B, beating the average analysts' forecast of $1.53B by 0.42%. The company's EBITDA was $650.3M, beating the average prediction of $298.54M by 117.83%. Arista Networks's net income was $613.64M, beating the average estimation of $253.85M by 141.73%. The company's SG&A was $147.83M, beating the average forecast of $105.07M by 40.70%. Lastly, the company's EPS was $1.98, beating the average prediction of $1.7 by 16.22%