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What's in the Cards for Box, Inc. (BOX) in Q3 Earnings?
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Box, Inc. (BOX - Free Report) is set to report third-quarter fiscal 2017 results on Nov 30. Last quarter, the company posted a positive earnings surprise of 21.62%.
Let’s see how things are shaping up for this announcement.
Factors at Play
Box incurred fiscal second-quarter loss of 29 cents per share, lower than the Zacks Consensus Estimate by 21.62%. However, revenues of $95.7 million were up 30.0% year over year driven by strong growth in billings.
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 and Adobe among others, will enable the company to capitalize on 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.
For the third quarter of fiscal 2017, the company expects to report revenues in the range of $100–$101 million and non-GAAP loss per share of 20 cents to 19 cents.
Earnings Whispers
Our proven model does not conclusively show that Box will beat estimates 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: Both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 35 cents. Hence, the difference is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Box has a Zacks Rank #3. We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
PVH Corp. (PVH - Free Report) with an Earnings ESP of +0.41% and a Zacks Rank #2.
Windtree Therapeutics, Inc. (WINT - Free Report) with an Earnings ESP of +22.70% and a Zacks Rank #2.
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Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
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What's in the Cards for Box, Inc. (BOX) in Q3 Earnings?
Box, Inc. (BOX - Free Report) is set to report third-quarter fiscal 2017 results on Nov 30. Last quarter, the company posted a positive earnings surprise of 21.62%.
Let’s see how things are shaping up for this announcement.
Factors at Play
Box incurred fiscal second-quarter loss of 29 cents per share, lower than the Zacks Consensus Estimate by 21.62%. However, revenues of $95.7 million were up 30.0% year over year driven by strong growth in billings.
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 and Adobe among others, will enable the company to capitalize on 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.
For the third quarter of fiscal 2017, the company expects to report revenues in the range of $100–$101 million and non-GAAP loss per share of 20 cents to 19 cents.
Earnings Whispers
Our proven model does not conclusively show that Box will beat estimates 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: Both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 35 cents. Hence, the difference is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Box has a Zacks Rank #3. We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
BOX INC-A Price and EPS Surprise
BOX INC-A Price and EPS Surprise | BOX INC-A Quote
Stocks to Consider
You could consider the following stocks with a positive Earnings ESP and a favorable Zacks Rank:
Supernus Pharmaceuticals, Inc. (SUPN - Free Report) with an Earnings ESP of +30.77% and a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank stocks here.
PVH Corp. (PVH - Free Report) with an Earnings ESP of +0.41% and a Zacks Rank #2.
Windtree Therapeutics, Inc. (WINT - Free Report) with an Earnings ESP of +22.70% and a Zacks Rank #2.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>