Atlassian Corporation PLC (TEAM) Expected to Announce Earnings of $0.12 Per Share

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

According to Zacks, analysts expect that Atlassian Corporation PLC will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.49. For the next year, analysts forecast that the firm will post earnings of $0.61 per share, with EPS estimates ranging from $0.59 to $0.63. Zacks’ EPS averages are an average based on a survey of research analysts that cover Atlassian Corporation PLC.

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

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Atlassian Corporation PLC from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Summit Redstone reiterated a “buy” rating on shares of Atlassian Corporation PLC in a report on Thursday, October 19th. Robert W. Baird lifted their target price on Atlassian Corporation PLC from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, October 20th. BMO Capital Markets lifted their target price on Atlassian Corporation PLC to $51.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Finally, Oppenheimer Holdings, Inc. lifted their target price on Atlassian Corporation PLC to $50.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Atlassian Corporation PLC has a consensus rating of “Buy” and a consensus target price of $49.20.

Atlassian Corporation PLC (TEAM) opened at $52.37 on Friday. Atlassian Corporation PLC has a fifty-two week low of $23.80 and a fifty-two week high of $53.45.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Atlassian Corporation PLC by 0.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,549 shares of the technology company’s stock worth $196,000 after buying an additional 46 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Atlassian Corporation PLC by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 49,354 shares of the technology company’s stock valued at $1,736,000 after purchasing an additional 375 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Atlassian Corporation PLC by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 55,951 shares of the technology company’s stock valued at $1,676,000 after purchasing an additional 480 shares during the last quarter. BlueCrest Capital Management Ltd lifted its holdings in shares of Atlassian Corporation PLC by 10.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 8,133 shares of the technology company’s stock valued at $286,000 after purchasing an additional 741 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Atlassian Corporation PLC by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 84,266 shares of the technology company’s stock valued at $2,964,000 after purchasing an additional 1,685 shares during the last quarter. 74.43% of the stock is owned by institutional investors.

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About Atlassian Corporation PLC

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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