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SailPoint (SAIL) to Report Q3 Earnings: What's in the Offing?
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SailPoint Technologies Holdings, Inc. will report third-quarter 2020 results on Nov 5, after the bell.
The company’s earnings beat the Zacks Consensus Estimate in the second quarter of 2020. The company delivered an earnings surprise of 292.7% in the last four quarters, on average.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $83.6 million, indicating 10.2% year-over-year growth. The top line is likely to have benefited from an increase in license and subscription revenues and revenues from consulting and training services. In second-quarter 2020, SailPoint’s revenues of $92.5 million increased 47% year over year.
Rise in operating expenses due to aggressive investments is expected to have negatively impacted the bottom line, the consensus mark for which is pegged at a loss of 5 cents, indicating more than 100% year-over-year decline. In second-quarter 2020, non-GAAP earnings came in at 15 cents compared with loss of a penny in the year-ago quarter.
What Our Model Says
Our proven model predicts an earnings beat for SailPoint this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
SailPoint has an Earnings ESP of +60.00% and a Zacks Rank #3.
SailPoint Technologies Holdings, Inc. Price and EPS Surprise
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on earnings his season.
Verisk Analytics (VRSK - Free Report) has an Earnings ESP of +4.56% and presently carries a Zacks Rank #3.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +23.19% and a Zacks Rank #3.
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SailPoint (SAIL) to Report Q3 Earnings: What's in the Offing?
SailPoint Technologies Holdings, Inc. will report third-quarter 2020 results on Nov 5, after the bell.
The company’s earnings beat the Zacks Consensus Estimate in the second quarter of 2020. The company delivered an earnings surprise of 292.7% in the last four quarters, on average.
Expectations This Time Around
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $83.6 million, indicating 10.2% year-over-year growth. The top line is likely to have benefited from an increase in license and subscription revenues and revenues from consulting and training services. In second-quarter 2020, SailPoint’s revenues of $92.5 million increased 47% year over year.
Rise in operating expenses due to aggressive investments is expected to have negatively impacted the bottom line, the consensus mark for which is pegged at a loss of 5 cents, indicating more than 100% year-over-year decline. In second-quarter 2020, non-GAAP earnings came in at 15 cents compared with loss of a penny in the year-ago quarter.
What Our Model Says
Our proven model predicts an earnings beat for SailPoint this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
SailPoint has an Earnings ESP of +60.00% and a Zacks Rank #3.
SailPoint Technologies Holdings, Inc. Price and EPS Surprise
SailPoint Technologies Holdings, Inc. price-eps-surprise | SailPoint Technologies Holdings, Inc. Quote
Other Stocks That Warrant a Look
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on earnings his season.
Envestnet, Inc. (ENV - Free Report) has an Earnings ESP of +2.35% and currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Verisk Analytics (VRSK - Free Report) has an Earnings ESP of +4.56% and presently carries a Zacks Rank #3.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +23.19% and a Zacks Rank #3.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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