Cloud content storage and management platform Box (NYSE:BOX) will be reporting earnings tomorrow after the bell. Here's what to expect.
Last quarter Box reported revenues of $250 million, up 11.6% year on year, missing analyst expectations by 0.61%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of the top line analyst estimates.
Is Box buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Box's revenue to grow 9.91% year on year to $256.5 million, slowing down from the 17.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.08%.
Looking at Box's peers in the productivity software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Dropbox delivered top-line growth of 5.89% year on year, beating analyst estimates by 0.92% and Atlassian reported revenues up 26.7% year on year, exceeding estimates by 2.74%. Dropbox traded down 1.13% on the results, Atlassian was down 10%. Read our full analysis of Dropbox's results here and Atlassian's results here.
Investors in the software segment have had steady hands going into the earnings, with the stocks up on average 1.05% over the last month. Box is up 5.13% during the same time, and is heading into the earnings with analyst price target of $33.7, compared to share price of $33.43.
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The author has no position in any of the stocks mentioned.