Zacks: Brokerages Anticipate MobileIron, Inc. (MOBL) Will Announce Earnings of -$0.03 Per Share

Wall Street brokerages expect that MobileIron, Inc. (NASDAQ:MOBL) will report earnings of ($0.03) per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for MobileIron’s earnings. MobileIron also reported earnings of ($0.03) per share during the same quarter last year. The company is expected to report its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that MobileIron will report full-year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.24). For the next financial year, analysts anticipate that the company will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.07). Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for MobileIron.

MobileIron (NASDAQ:MOBL) last issued its earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS.

Several brokerages have commented on MOBL. Zacks Investment Research upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Northland Securities set a $5.00 target price on shares of MobileIron and gave the company a “buy” rating in a research report on Wednesday, October 18th. UBS Group cut shares of MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Imperial Capital cut shares of MobileIron from an “outperform” rating to an “in-line” rating and dropped their target price for the company from $5.50 to $4.00 in a research report on Wednesday, October 18th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. MobileIron has an average rating of “Hold” and a consensus target price of $5.30.

In related news, VP Daniel C. Fields sold 14,404 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total value of $56,175.60. Following the completion of the sale, the vice president now owns 356,250 shares in the company, valued at approximately $1,389,375. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Daniel C. Fields sold 17,890 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $3.89, for a total transaction of $69,592.10. Following the completion of the sale, the vice president now owns 344,765 shares of the company’s stock, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. 31.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOBL. ETF Managers Group LLC bought a new stake in shares of MobileIron in the 2nd quarter valued at $19,387,000. Renaissance Technologies LLC increased its position in shares of MobileIron by 143.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after buying an additional 1,616,600 shares in the last quarter. FMR LLC increased its position in shares of MobileIron by 973.7% in the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after buying an additional 1,222,000 shares in the last quarter. Whetstone Capital Advisors LLC increased its position in shares of MobileIron by 383.5% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock valued at $3,793,000 after buying an additional 813,135 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of MobileIron in the 2nd quarter valued at $3,532,000. Institutional investors and hedge funds own 51.15% of the company’s stock.

Shares of MobileIron (NASDAQ MOBL) traded down $0.10 during trading on Wednesday, hitting $3.90. 240,700 shares of the company’s stock traded hands, compared to its average volume of 523,548. The company has a market cap of $374.62, a PE ratio of -6.09 and a beta of 2.64. MobileIron has a 52 week low of $3.20 and a 52 week high of $6.78.

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MobileIron Company Profile

MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.

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