Box Inc reports results for the quarter ended in April - Earnings Summary

Box

29/05/2024 01:01

* Box Inc  BOX.N  reported quarterly adjusted earnings of 39
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 36 cents per share. Wall Street expected
results to range from 35 cents to 38 cents per share.
    * Revenue rose 5.1% to $264.66 million from a year ago;
analysts
expected $262.04 million. 
    * Box Inc's reported EPS for the quarter was 8 cents​.
    * The company reported quarterly net income of $11.51
million.
    * Box Inc shares had fallen by 10.8% this quarter and
lost 1.3% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Box Inc is $32.00
This summary was machine generated from LSEG data May 29 at
12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.36           0.39           Beat
 Jan. 31 2024      0.38           0.42           Beat
 Oct. 31 2023      0.38           0.36           Missed
 Jul. 31 2023      0.35           0.36           Beat