SciQuest (SQI) Scheduled to Post Quarterly Earnings on Wednesday
SciQuest (NYSE:SQI) is scheduled to announce its Q214 earnings results on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $25.40 million for the quarter. SciQuest has set its Q2 guidance at $0.06-0.07 EPS and its FY14 guidance at $0.27-0.40 EPS.
SciQuest (NYSE:SQI) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $26.20 million for the quarter, compared to the consensus estimate of $26.30 million. During the same quarter last year, the company posted $0.08 earnings per share. SciQuest’s revenue was up 26.6% compared to the same quarter last year. On average, analysts expect SciQuest to post $0.29 EPS for the current fiscal year and $0.38 EPS for the next fiscal year.
Shares of SciQuest (NYSE:SQI) traded up 2.58% during mid-day trading on Tuesday, hitting $15.10. 24,079 shares of the company’s stock traded hands. SciQuest has a 1-year low of $14.54 and a 1-year high of $32.69. The stock’s 50-day moving average is $16.90 and its 200-day moving average is $22.89. The company’s market cap is $414.2 million.
A number of research firms have recently commented on SQI. Analysts at TheStreet downgraded shares of SciQuest from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. SciQuest presently has an average rating of “Buy” and a consensus target price of $35.00.
SciQuest, Inc provides on-demand strategic procurement and supplier management solutions. The Company’s on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions.
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