Anaplan (PLAN) To Report Q2 Earnings: What's In The Cards?
Zacks Investment Research | Aug 22, 2019 09:01PM ET
Anaplan (NYSE:PLAN) is set to report second-quarter fiscal 2020 results on Aug 27.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 20.5%.
In the last reported quarter, Anaplan’s non-GAAP loss was 16 cents per share, narrower than the Zacks Consensus Estimate of a loss of 21 cents. Also, revenues of $75.8 million beat the consensus mark of $70 million.
For the second quarter, Anaplan expects revenues between $77.5 million and $78.5 million.
The Zacks Consensus Estimate for revenues is pegged at $78.4 million. Moreover, the consensus mark for earnings is pegged at a loss of 16 cents, unchanged over the past 30 days.
Let’s see how things are shaping up for the upcoming announcement.
Factors Likely to Influence Q2 Results
Anaplan’s expanding user base is a key catalyst. At the end of the first quarter, the company was serving 279 customers with more than $250K in annual recurring revenues, reflecting an impressive year-over-year growth of 43%.
Solid demand for the company’s Connected Planning is expected to boost the dollar-based network expansion rate, which was 123% in the last reported quarter. Moreover, expanding use cases in related or adjacent business areas are anticipated to boost demand for Anaplan’s solutions, thereby driving the top line.
Moreover, the broadening partner ecosystem that now includes Bain, VCG, McKinsey, A.T. Kearney and Oliver Wyman strengthens Anaplan’s brand image and in turn drives customer wins.
During the second quarter, the company inked 41 new deals with Deloitte, Anaplan’s Global Partner of 2019. Deloitte now has more than 650 consultants engaged in delivering Anaplan solutions to customers and plans to double this number by 2021.
However, increased costs related to the annual user conference held in June are expected to hurt second-quarter profitability.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.