Wall Street analysts expect Apptio Inc. (NASDAQ:APTI) to announce $49.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Apptio’s earnings, with estimates ranging from $49.58 million to $49.80 million. Apptio posted sales of $44.32 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.2%. The firm is expected to issue its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Apptio will report full year sales of $49.73 million for the current financial year, with estimates ranging from $185.73 million to $186.00 million. For the next financial year, analysts expect that the business will post sales of $215.15 million per share, with estimates ranging from $211.40 million to $223.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Apptio.

Apptio (NASDAQ:APTI) last announced its earnings results on Monday, October 30th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. The business had revenue of $47.00 million for the quarter, compared to analysts’ expectations of $44.86 million. During the same period in the prior year, the business posted ($0.45) earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis.

A number of equities analysts have commented on the company. Barclays PLC lifted their price target on Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday. KeyCorp reaffirmed a “buy” rating and issued a $25.00 price target on shares of Apptio in a research note on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $25.00 price target on shares of Apptio in a research note on Tuesday, October 24th. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $24.00 price target (up from $23.00) on shares of Apptio in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.38.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. purchased a new position in shares of Apptio during the third quarter valued at approximately $874,000. Monarch Partners Asset Management LLC increased its stake in shares of Apptio by 15.1% during the third quarter. Monarch Partners Asset Management LLC now owns 27,100 shares of the technology company’s stock valued at $501,000 after buying an additional 3,550 shares during the period. Nationwide Fund Advisors increased its stake in shares of Apptio by 346.8% during the third quarter. Nationwide Fund Advisors now owns 45,566 shares of the technology company’s stock valued at $842,000 after buying an additional 35,367 shares during the period. California State Teachers Retirement System increased its stake in shares of Apptio by 124.3% during the second quarter. California State Teachers Retirement System now owns 31,400 shares of the technology company’s stock valued at $545,000 after buying an additional 17,400 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Apptio by 321.3% during the second quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock valued at $265,000 after buying an additional 11,633 shares during the period. 45.27% of the stock is currently owned by hedge funds and other institutional investors.

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Apptio Company Profile

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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Earnings History and Estimates for Apptio (NASDAQ:APTI)

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