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Cloudera (CLDR) to Report Q1 Earnings: What's in the Cards?

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Cloudera is set to report first-quarter fiscal 2020 results on Jun 5.

In the fourth quarter, the company reported adjusted loss of 15 cents per share that was wider than the Zacks Consensus Estimate of a loss of 11 cents and the year-ago quarter’s loss of 5 cents.

Revenues of $144.5 million beat the consensus mark of $121 million and rallied 36.7% on a year-over-year basis.

For first-quarter fiscal 2020, revenues are expected between $187 million and $190 million. Non-GAAP net loss is anticipated to be 25-22 cents per share.

The Zacks Consensus Estimate for revenues is pegged at $188.3 million, up 83.3% from the figure reported in the year-ago quarter. The consensus mark for the bottom line is at a loss of 23 cents, unchanged over the past 30 days.
 

Cloudera, Inc. Price and EPS Surprise

 

Cloudera, Inc. Price and EPS Surprise

Cloudera, Inc. price-eps-surprise | Cloudera, Inc. Quote

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

 

Factors to Watch

Cloudera’s portfolio strength, go-to-market business model and sales force reorganization are helping it expand customer base. At the end of the last reported quarter, the company had 976 customers, with annual recurring revenues (ARR) of more than $100,000.

The Hortonworks acquisition is also expected to positively impact Cloudera’s ability to attract new customers. The deal improves the company’s competitiveness in the hybrid and multi-cloud market, which is currently dominated by Amazon (AMZN - Free Report) , Microsoft and Google.

Further, Cloudera’s investments in machine learning, analytics and cloud are providing it a competitive edge. We expect the company to sustain the momentum in the to-be-reported quarter.

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.

Cloudera has a Zacks Rank #3 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 Favorable Combination

Here are a couple of stocks you may also want to consider, as our model shows that these have the right combination of elements to post an earnings beat.

Ambarella (AMBA - Free Report) has an Earnings ESP of +100.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Science Applications International (SAIC - Free Report) has an Earnings ESP of +2.82% and a Zacks Rank #3.

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