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.
What's in Store for Tableau Software (DATA) in Q3 Earnings?
Read MoreHide Full Article
Tableau Software, Inc. is set to release third-quarter 2016 results on Nov 1. Last quarter, the company delivered a negative earnings surprise of 67.57%. The company has delivered negative earnings surprises in each of the last four quarters, with an average miss of 170.65%
Let’s see how things are shaping up for this announcement.
Factors to Consider
Tableau Software is placed well to benefit from rising demand for business analytics tools. The company has been seeing strength in its offerings like the hybrid data architecture platform. The company has been taking a number of initiatives to boost its sales productivity and align its marketing efforts to drive growth. In Sep 2016, Tableau named Adam Selipskyas, a former executive at Amazon Web Service, its Chief Executive Officer (CEO) and president.
For the third quarter, the company expects revenues to be around $210 million to $215 million. Non-GAAP operating loss is projected to be around $5 million to $10 million and non-GAAP loss per share is likely to be in a range of 4 to 9 cents per share.
Earnings Whispers
Our proven model does not conclusively show that Tableau Software is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Tableau Software has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 35 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: Tableau Software has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 and 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Inovalon Holdings, Inc. (INOV - Free Report) with an Earnings ESP of +50.00% and a Zacks Rank #1
Imperva Inc. with an Earnings ESP of +20.64% and a Zacks Rank #3
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What's in Store for Tableau Software (DATA) in Q3 Earnings?
Tableau Software, Inc. is set to release third-quarter 2016 results on Nov 1. Last quarter, the company delivered a negative earnings surprise of 67.57%. The company has delivered negative earnings surprises in each of the last four quarters, with an average miss of 170.65%
Let’s see how things are shaping up for this announcement.
Factors to Consider
Tableau Software is placed well to benefit from rising demand for business analytics tools. The company has been seeing strength in its offerings like the hybrid data architecture platform. The company has been taking a number of initiatives to boost its sales productivity and align its marketing efforts to drive growth. In Sep 2016, Tableau named Adam Selipskyas, a former executive at Amazon Web Service, its Chief Executive Officer (CEO) and president.
For the third quarter, the company expects revenues to be around $210 million to $215 million. Non-GAAP operating loss is projected to be around $5 million to $10 million and non-GAAP loss per share is likely to be in a range of 4 to 9 cents per share.
Earnings Whispers
Our proven model does not conclusively show that Tableau Software is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Tableau Software has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 35 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: Tableau Software has a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 and 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
TABLEAU SOFTWAR Price and EPS Surprise
TABLEAU SOFTWAR Price and EPS Surprise | TABLEAU SOFTWAR Quote
Stocks to Consider
You may consider the following stocks, with a positive Earnings ESP and a favorable Zacks Rank:
Stratasys Ltd. (SSYS - Free Report) with an Earnings ESP of +41.67% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inovalon Holdings, Inc. (INOV - Free Report) with an Earnings ESP of +50.00% and a Zacks Rank #1
Imperva Inc. with an Earnings ESP of +20.64% and a Zacks Rank #3
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand.Click to see them now>>