Zacks: Analysts Anticipate Mulesoft Inc (NASDAQ:MULE) Will Post Earnings of -$0.17 Per Share
Analysts expect that Mulesoft Inc (NASDAQ:MULE) will announce ($0.17) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Mulesoft’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.16). The company is scheduled to report its next earnings report on Thursday, October 26th.
On average, analysts expect that Mulesoft will report full year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.61) to ($0.58). For the next financial year, analysts anticipate that the company will post earnings of ($0.72) per share, with EPS estimates ranging from ($0.72) to ($0.71). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Mulesoft.
Mulesoft (NASDAQ:MULE) last announced its earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Mulesoft had a negative return on equity of 155.59% and a negative net margin of 16.65%. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $63.63 million. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year.
A number of brokerages recently weighed in on MULE. Barclays PLC reaffirmed a “hold” rating and set a $24.00 price objective on shares of Mulesoft in a report on Wednesday. Zacks Investment Research downgraded Mulesoft from a “hold” rating to a “sell” rating in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. CIBC started coverage on Mulesoft in a research report on Thursday, June 8th. They set a “market perform” rating on the stock. Finally, Oppenheimer Holdings, Inc. started coverage on Mulesoft in a research report on Thursday, June 8th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.86.
A number of hedge funds have recently bought and sold shares of the company. Sapphire Ventures L.L.C. purchased a new stake in Mulesoft during the first quarter worth approximately $185,565,000. Cisco Systems Inc. bought a new stake in shares of Mulesoft during the first quarter valued at about $36,229,000. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Mulesoft by 2.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,296,332 shares of the company’s stock valued at $32,331,000 after buying an additional 34,880 shares in the last quarter. OZ Management LP bought a new stake in shares of Mulesoft during the first quarter valued at about $22,311,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Mulesoft during the first quarter valued at about $18,214,000.
Shares of Mulesoft (NASDAQ MULE) traded up 3.03% on Friday, hitting $21.75. The stock had a trading volume of 453,872 shares. The firm has a 50 day moving average of $24.86 and a 200 day moving average of $24.14. The stock’s market cap is $523.48 million. Mulesoft has a 12 month low of $19.52 and a 12 month high of $29.00.
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.
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