Analysts Anticipate MINDBODY, Inc. (MB) Will Post Earnings of -$0.04 Per Share
Equities research analysts forecast that MINDBODY, Inc. (NASDAQ:MB) will announce earnings of ($0.04) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for MINDBODY’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.04). MINDBODY reported earnings of ($0.09) per share during the same quarter last year, which suggests a positive year over year growth rate of 55.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that MINDBODY will report full year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.10) to ($0.07). For the next financial year, analysts anticipate that the firm will report earnings of $0.15 per share, with EPS estimates ranging from $0.02 to $0.32. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow MINDBODY.
MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $44.10 million during the quarter, compared to the consensus estimate of $44.11 million. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS.
Several brokerages have weighed in on MB. BidaskClub raised MINDBODY from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Roth Capital set a $32.00 price objective on MINDBODY and gave the company a “buy” rating in a report on Tuesday, June 6th. J P Morgan Chase & Co began coverage on MINDBODY in a report on Friday, June 9th. They set an “overweight” rating and a $38.00 price objective for the company. Zacks Investment Research raised MINDBODY from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Finally, UBS AG reissued a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of MINDBODY in a report on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. MINDBODY currently has a consensus rating of “Buy” and a consensus price target of $29.25.
Shares of MINDBODY (NASDAQ MB) opened at 24.75 on Friday. MINDBODY has a 1-year low of $16.84 and a 1-year high of $29.75. The company’s market capitalization is $1.15 billion. The company has a 50-day moving average price of $24.22 and a 200 day moving average price of $26.38.
In other news, CEO Richard Lee Stollmeyer sold 17,739 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $23.71, for a total value of $420,591.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett T. White sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. The disclosure for this sale can be found here. Insiders sold 74,520 shares of company stock valued at $1,865,692 over the last ninety days. Corporate insiders own 8.22% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of MINDBODY by 481.5% in the second quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after acquiring an additional 2,609,059 shares during the period. Capital World Investors boosted its holdings in shares of MINDBODY by 14.7% in the second quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock worth $70,530,000 after acquiring an additional 333,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MINDBODY by 67.2% in the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after acquiring an additional 607,182 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of MINDBODY by 0.7% in the first quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock worth $40,748,000 after acquiring an additional 9,596 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of MINDBODY in the second quarter worth $37,529,000. 92.75% of the stock is owned by hedge funds and other institutional investors.
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MINDBODY Company Profile
MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.
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