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MobileIron (MOBL) to Report Q2 Earnings: What's in Store?

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MobileIron Inc. is scheduled to report second-quarter 2018 results on Jul 31.

Notably, in the trailing four quarters, the stock surpassed the Zacks Consensus Estimate only once while matching the same on three occasions. It delivered an average positive earnings surprise of 25%.

In the last reported quarter, MobileIron reported a loss of 6 cents per share, in line with the Zacks Consensus Estimate.

Revenues increased 4% year over year to $43.7 billion, in-line with the Zacks Consensus Estimate.

The company’s shares have lost 9.9% in the past year against the 38.1% rally of the industry it belongs to.

Let’s see how things are shaping up prior to this announcement.

Factors at Play

We believe second-quarter results will be driven by rapid adoption of its robust product portfolio. The strong portfolio is helping MobileIron to rapidly penetrate into Enterprise Mobile Management (“EMM”), Cloud Security, Desktop Security and the Internet of Things (“IoT”) markets.

In the last reported quarter, the company partnered with Google Cloud for enterprise cloud services, to focus on making it easier and more secure for enterprises to buy and use cloud services. This integration with Google Cloud will aid customer wins, which will remain a key top-line growth driver.

The company’s products, particularly MobileIron Cloud and MobileIron Access enjoy steady demand from federal governments worldwide. Previous contract wins from Slovenian railways and the Public Health Agency of Sweden are likely to bode well for the company.

Also, MobileIron continues to gain from its product selections by wireless carriers like Verizon Communications and T-Mobile.

The company’s app distribution, analytics and security offerings, along with Google Cloud's Orbitera commerce platform furnished an integrated software solution that ensures an end-to-end solution, right from purchase to deployment. Customized solutions will empower both  customers and suppliers, providing a seamless and secured cloud experience.

Outlook

For the second quarter, revenues are expected in the range of $43-$46 million, flat to up 7% year over year. Billings are expected in the range of $46-$49 million, up 3-9% year over year. Non-GAAP gross margin is expected in the range of 84-85% and non-GAAP operating expensesare projected within$44-$45 million.

What Our Model Says

MobileIron has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult. This is because per our proven model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

We don’t recommend Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement.

MobileIron, Inc. Price and EPS Surprise

 

MobileIron, Inc. Price and EPS Surprise | MobileIron, Inc. Quote

Stocks to Consider

Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise.

AMETEK (AME - Free Report) has an Earnings ESP of +0.43% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Agilent Technologies (A - Free Report) has an Earnings ESP of +0.88% and a Zacks Rank #3.

Fortive Corporation (FTV - Free Report) has an Earnings ESP of +0.84 and a Zacks Rank #3.

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