We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will New Cloud Products Help Box (BOX) Beat on Q1 Earnings?
Read MoreHide Full Article
Box, Inc. (BOX - Free Report) is set to report first-quarter fiscal 2019 results on May 30. In the last reported quarter, the company delivered a positive earnings surprise of 1.37%.
The surprise history has been impressive in Box’s case. The company surpassed estimates in three of the trailing four quarters, with an average four-quarter positive surprise of 11.88%.
The company's shares have increased 45.57% in the past 12 months, outperforming the industry’s gain of 23.92%.
Let’s see how things are shaping up for this announcement.
Factors at Play
Box’s fiscal fourth-quarter loss of 6 cents was narrower than the Zacks Consensus Estimate. Revenues of $136.7 million were inline with the Zacks Consensus Estimate.
For the quarter to be reported, Box expects revenues in the range of $139-$140 million. We expect the company to continue delivering robust top-line growth in the fiscal first quarter, driven by strength across the international markets, including EMEA and Japan, and growing add-on products.
Also, the company has been continuously investing in security, compliance and administrative technology, and plans to hire more sales personnel. These investments and partnerships with leading enterprises, namely Cognizant, Google and Adobe among others, will help the company capitalize on the increasing adoption of cloud computing technologies and the need for secure collaboration.
However, continuous investments in research and development could dent margins as well as profits, going ahead.
On a non-GAAP basis, the company projects loss per share in the range of 9-8 cents for the to-be-reported quarter.
What Our Model Suggests
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. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if these have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Box has a Zacks Rank #3 and an Earnings ESP of +1.37%, a combination suggesting that the company is likely to beat estimates.
Michael Kors Holdings Limited has an Earnings ESP of +11.30% and a Zacks Rank of 2.
Microsemi Corporation has an Earnings ESP of +0.25% and a Zacks Rank #3.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Will New Cloud Products Help Box (BOX) Beat on Q1 Earnings?
Box, Inc. (BOX - Free Report) is set to report first-quarter fiscal 2019 results on May 30. In the last reported quarter, the company delivered a positive earnings surprise of 1.37%.
The surprise history has been impressive in Box’s case. The company surpassed estimates in three of the trailing four quarters, with an average four-quarter positive surprise of 11.88%.
The company's shares have increased 45.57% in the past 12 months, outperforming the industry’s gain of 23.92%.
Let’s see how things are shaping up for this announcement.
Factors at Play
Box’s fiscal fourth-quarter loss of 6 cents was narrower than the Zacks Consensus Estimate. Revenues of $136.7 million were inline with the Zacks Consensus Estimate.
For the quarter to be reported, Box expects revenues in the range of $139-$140 million. We expect the company to continue delivering robust top-line growth in the fiscal first quarter, driven by strength across the international markets, including EMEA and Japan, and growing add-on products.
Also, the company has been continuously investing in security, compliance and administrative technology, and plans to hire more sales personnel. These investments and partnerships with leading enterprises, namely Cognizant, Google and Adobe among others, will help the company capitalize on the increasing adoption of cloud computing technologies and the need for secure collaboration.
However, continuous investments in research and development could dent margins as well as profits, going ahead.
On a non-GAAP basis, the company projects loss per share in the range of 9-8 cents for the to-be-reported quarter.
What Our Model Suggests
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. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if these have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Box has a Zacks Rank #3 and an Earnings ESP of +1.37%, a combination suggesting that the company is likely to beat estimates.
Box, Inc. Price and EPS Surprise
Box, Inc. Price and EPS Surprise | Box, Inc. Quote
Other Stocks to Consider
You may also consider the following stocks with a positive Earnings ESP and a favorable Zacks Rank.
Booz Allen Hamilton Holding Corporation (BAH - Free Report) has an Earnings ESP of +3.62% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Michael Kors Holdings Limited has an Earnings ESP of +11.30% and a Zacks Rank of 2.
Microsemi Corporation has an Earnings ESP of +0.25% and a Zacks Rank #3.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>