Atlassian (TEAM) Set to Announce Earnings on Thursday

Atlassian (NASDAQ:TEAM) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, January 18th. Analysts expect Atlassian to post earnings of ($0.02) per share for the quarter. Atlassian has set its Q2 guidance at $0.12 EPS and its FY18 guidance at $0.46-0.47 EPS.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data 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. Atlassian had a negative net margin of 7.96% and a negative return on equity of 2.11%. The company had revenue of $193.80 million for the quarter, compared to the consensus estimate of $185.78 million. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year. On average, analysts expect Atlassian to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Atlassian (TEAM) opened at $51.05 on Thursday. Atlassian has a fifty-two week low of $25.16 and a fifty-two week high of $53.45. The stock has a market cap of $11,750.00 and a P/E ratio of -212.71.

A number of analysts have recently issued reports on TEAM shares. Oppenheimer lifted their price objective on shares of Atlassian to $50.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Atlassian from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, October 25th. Robert W. Baird set a $43.00 price objective on shares of Atlassian and gave the company a “buy” rating in a report on Friday, October 6th. Canaccord Genuity reiterated a “buy” rating and issued a $44.00 price objective on shares of Atlassian in a report on Friday, September 15th. Finally, Cowen reiterated an “outperform” rating and issued a $55.00 price objective (up from $47.00) on shares of Atlassian in a report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.00.

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About Atlassian

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.

Earnings History for Atlassian (NASDAQ:TEAM)

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