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MobileIron (MOBL) to Post Q4 Earnings: What's in the Offing?
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MobileIron Inc. is set to report fourth-quarter 2017 results on Feb 8, 2018. Notably, the company has beaten the Zacks Consensus Estimate in two of the trailing four quarters, with an average positive surprise of 14.58%.
Last quarter, the company reported a loss of seven cents per share, in line with the Zacks Consensus Estimate. The company also reported revenues of $43 million, which matched the consensus mark.
What to Expect?
MobileIron projects fourth-quarter revenues in the range of $46-$48 million, up 1-5% year over year.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 3 cents, in line with the year-ago figure. However, the Zacks Consensus Estimate for revenues is pegged at $46.47 million, up roughly 2.19% from the year-ago quarter.
Over the past six months, MobileIron has gained 1.73%, significantly underperforming the 16.84% rally of the industry.
Let’s see how things are shaping up prior to this announcement.
MobileIron’s strong product portfolio is helping it to rapidly penetrate the Enterprise Mobile Management (EMM), Cloud Security, Desktop Security and the Internet of Things (IoT) market.
The company’s products — MobileIron Access and MobileIron Cloud — enjoy steady demand from federal governments around the world. Last quarter, the company stated that its modern security and access model are compatible with Macs.
We note that the company’s MobileAccess platform has been integrated into Concur, Tableau, Workday, Facebook , Microsoft’s Office 365, Octa, One Login, Paint and DropBox. Also, the company provided support for Android Zero-touch and Google's Android enrollment service for onboarding new devices. These integrations are helping it to win customers more frequently, which is a key top-line growth driver.
Moreover, the company formed a number of partnerships. It inked a deal with Zimperium to incorporate machine learning-based threat detection with MobileIron's security and compliance engine. It also announced a partnership with Metronome Software for a project funded by the Department of Homeland Security (DHS) Science and Technology
Most recently, MobileIron and Google Cloud collaborated on a new end-to-end platform for enterprise cloud services. The integration will bring together Google Cloud's Orbitera commerce platform with MobileIron's app distribution, security and analytics capabilities.
Also, these factors are likely to have a positive impact on the to-be-reported quarter.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
MobileIron carries a Zacks Rank #3 and its Earnings ESP is -25.00%.
Stocks With Favorable Combination
Here are a couple of companies that, as per our model, have the right combination of elements to post an earnings beat this quarter:
Vishay Intertechnology, Inc. (VSH - Free Report) , with an Earnings ESP of +6.19% and a Zacks Rank of 2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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MobileIron (MOBL) to Post Q4 Earnings: What's in the Offing?
MobileIron Inc. is set to report fourth-quarter 2017 results on Feb 8, 2018. Notably, the company has beaten the Zacks Consensus Estimate in two of the trailing four quarters, with an average positive surprise of 14.58%.
Last quarter, the company reported a loss of seven cents per share, in line with the Zacks Consensus Estimate. The company also reported revenues of $43 million, which matched the consensus mark.
What to Expect?
MobileIron projects fourth-quarter revenues in the range of $46-$48 million, up 1-5% year over year.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 3 cents, in line with the year-ago figure. However, the Zacks Consensus Estimate for revenues is pegged at $46.47 million, up roughly 2.19% from the year-ago quarter.
Over the past six months, MobileIron has gained 1.73%, significantly underperforming the 16.84% rally of the industry.
Let’s see how things are shaping up prior to this announcement.
Factors Likely to Influence Q4 Results
Strong Product Portfolio & partnerships: Key Catalyst
MobileIron’s strong product portfolio is helping it to rapidly penetrate the Enterprise Mobile Management (EMM), Cloud Security, Desktop Security and the Internet of Things (IoT) market.
The company’s products — MobileIron Access and MobileIron Cloud — enjoy steady demand from federal governments around the world. Last quarter, the company stated that its modern security and access model are compatible with Macs.
We note that the company’s MobileAccess platform has been integrated into Concur, Tableau, Workday, Facebook , Microsoft’s Office 365, Octa, One Login, Paint and DropBox. Also, the company provided support for Android Zero-touch and Google's Android enrollment service for onboarding new devices. These integrations are helping it to win customers more frequently, which is a key top-line growth driver.
Moreover, the company formed a number of partnerships. It inked a deal with Zimperium to incorporate machine learning-based threat detection with MobileIron's security and compliance engine. It also announced a partnership with Metronome Software for a project funded by the Department of Homeland Security (DHS) Science and Technology
Most recently, MobileIron and Google Cloud collaborated on a new end-to-end platform for enterprise cloud services. The integration will bring together Google Cloud's Orbitera commerce platform with MobileIron's app distribution, security and analytics capabilities.
Also, these factors are likely to have a positive impact on the to-be-reported quarter.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
MobileIron carries a Zacks Rank #3 and its Earnings ESP is -25.00%.
Stocks With Favorable Combination
Here are a couple of companies that, as per our model, have the right combination of elements to post an earnings beat this quarter:
NVIDIA Corporation (NVDA - Free Report) , with an Earnings ESP of +6.87% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vishay Intertechnology, Inc. (VSH - Free Report) , with an Earnings ESP of +6.19% and a Zacks Rank of 2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>