Apptio Inc. (APTI) Scheduled to Post Earnings on Monday
Apptio Inc. (NASDAQ:APTI) is scheduled to release its earnings data after the market closes on Monday, October 30th. Analysts expect Apptio to post earnings of ($0.10) per share for the quarter.
Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.04. The business had revenue of $45.23 million during the quarter, compared to the consensus estimate of $43.72 million. Apptio had a negative return on equity of 41.76% and a negative net margin of 17.36%. Apptio’s revenue was up 16.6% on a year-over-year basis. On average, analysts expect Apptio to post $-0.8 EPS for the current fiscal year and $-0.55 EPS for the next fiscal year.
Apptio Inc. (NASDAQ APTI) opened at 18.73 on Monday. The company’s market capitalization is $748.36 million. The company’s 50 day moving average price is $18.14 and its 200-day moving average price is $18.14. Apptio Inc. has a 12-month low of $10.77 and a 12-month high of $20.65.
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APTI has been the subject of a number of recent research reports. Zacks Investment Research raised Apptio from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. initiated coverage on Apptio in a report on Thursday, July 27th. They set an “outperform” rating and a $25.00 price objective for the company. Royal Bank Of Canada boosted their price objective on Apptio from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, KeyCorp reissued a “buy” rating and set a $22.00 price objective on shares of Apptio in a report on Friday, October 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.29.
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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