Analysts Anticipate Atlassian Co. PLC (TEAM) Will Announce Earnings of $0.12 Per Share

Wall Street analysts expect Atlassian Co. PLC (NASDAQ:TEAM) to report earnings of $0.12 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Atlassian’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.11. Atlassian posted earnings of $0.09 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The firm is scheduled to report its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that Atlassian will report full-year earnings of $0.47 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.49. For the next fiscal year, analysts anticipate that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.59 to $0.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Atlassian.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 19th. The technology company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. The firm had revenue of $193.80 million for the quarter, compared to analyst estimates of $185.78 million. Atlassian had a negative net margin of 7.96% and a negative return on equity of 2.11%. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS.

Several research firms have weighed in on TEAM. Summit Redstone reiterated a “buy” rating on shares of Atlassian in a research note on Thursday, October 19th. Oppenheimer upped their price objective on shares of Atlassian to $58.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. KeyCorp reiterated a “sector weight” rating on shares of Atlassian in a research note on Monday, September 18th. Jefferies Group upped their price objective on shares of Atlassian to $53.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, BMO Capital Markets increased their price target on shares of Atlassian to $51.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Atlassian during the 3rd quarter worth $317,000. Sterling Capital Management LLC increased its stake in shares of Atlassian by 50.1% during the 3rd quarter. Sterling Capital Management LLC now owns 117,284 shares of the technology company’s stock worth $4,123,000 after purchasing an additional 39,168 shares during the last quarter. California Public Employees Retirement System acquired a new position in shares of Atlassian during the 3rd quarter worth $207,000. Cubist Systematic Strategies LLC acquired a new position in shares of Atlassian during the 3rd quarter worth $442,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Atlassian during the 3rd quarter worth $527,000. Institutional investors own 80.99% of the company’s stock.

Atlassian (NASDAQ TEAM) opened at $51.91 on Tuesday. The firm has a market cap of $11,950.00 and a P/E ratio of -216.29. Atlassian has a 12 month low of $24.71 and a 12 month high of $53.45.

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Atlassian Company Profile

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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