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.
Attunity (ATTU) Set to Report Q3 Earnings: What's in Store?
Read MoreHide Full Article
Attunity Ltd. is set to report third-quarter 2018 results on Nov 1.
The company beat the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 80%.
In the last reported quarter, the company reported earnings of 8 cents per share against a loss of 12 cents in the year-ago quarter. Moreover, the figure comfortably surpassed the Zacks Consensus Estimate of break-even.
Revenues increased 46.7% year over year to $19.8 million and came ahead of the Zacks Consensus Estimate of $18 million.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 3 cents per share, indicating year-over-year decline of 25%. Further, the consensus mark for revenues is pegged at $18.9 million, up 14.8% from the year-ago quarter
Let’s see how things are shaping up for the upcoming announcement.
Key Factors to Watch Out
Attunity is benefiting from fast growth in the enterprise adoption of cloud as a platform for analytics, data lakes and artificial intelligence (AI). The company is well poised to benefit from its partnerships with major cloud platform providers, Microsoft Azure and Amazon Web Services (AWS).
Moreover, increasing demand for data lake solutions that deliver real time data and are suitable for large scale deployments is a key catalyst. Strong demand for term licenses is also expected to boost recurring license revenues.
Further, portfolio strength is expected to drive results in the to-be-reported quarter. This is helping Attunity win large deals frequently.
Notably, Attunity Replicate is a dominant solution in the in-time change date capture (CDC) and Universal data replication markets. The company is adding enhanced features to make the solution more valuable for customers.
Attunity Enterprise Manager, which provides management and control for loud-scale environments, is also gaining rapid traction.
What Our Model Says
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. The Sell-rated stocks (Zacks Rank #4 or #5) are best avoided.
Attunity has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks with a Favorable Combination
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
CenturyLink has an Earnings ESP of +10.29% and a Zacks Rank #2.
Imperva, Inc. has an Earnings ESP of +20% and a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Attunity (ATTU) Set to Report Q3 Earnings: What's in Store?
Attunity Ltd. is set to report third-quarter 2018 results on Nov 1.
The company beat the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 80%.
In the last reported quarter, the company reported earnings of 8 cents per share against a loss of 12 cents in the year-ago quarter. Moreover, the figure comfortably surpassed the Zacks Consensus Estimate of break-even.
Revenues increased 46.7% year over year to $19.8 million and came ahead of the Zacks Consensus Estimate of $18 million.
The Zacks Consensus Estimate for third-quarter earnings is pegged at 3 cents per share, indicating year-over-year decline of 25%. Further, the consensus mark for revenues is pegged at $18.9 million, up 14.8% from the year-ago quarter
Let’s see how things are shaping up for the upcoming announcement.
Key Factors to Watch Out
Attunity is benefiting from fast growth in the enterprise adoption of cloud as a platform for analytics, data lakes and artificial intelligence (AI). The company is well poised to benefit from its partnerships with major cloud platform providers, Microsoft Azure and Amazon Web Services (AWS).
Attunity Ltd. Price and EPS Surprise
Attunity Ltd. Price and EPS Surprise | Attunity Ltd. Quote
Moreover, increasing demand for data lake solutions that deliver real time data and are suitable for large scale deployments is a key catalyst. Strong demand for term licenses is also expected to boost recurring license revenues.
Further, portfolio strength is expected to drive results in the to-be-reported quarter. This is helping Attunity win large deals frequently.
Notably, Attunity Replicate is a dominant solution in the in-time change date capture (CDC) and Universal data replication markets. The company is adding enhanced features to make the solution more valuable for customers.
Attunity Enterprise Manager, which provides management and control for loud-scale environments, is also gaining rapid traction.
What Our Model Says
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. The Sell-rated stocks (Zacks Rank #4 or #5) are best avoided.
Attunity has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks with a Favorable Combination
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
HubSpot (HUBS - Free Report) has an Earnings ESP of +136.37% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
CenturyLink has an Earnings ESP of +10.29% and a Zacks Rank #2.
Imperva, Inc. has an Earnings ESP of +20% and a Zacks Rank #2.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>