MobileIron (MOBL) To Report Q1 Earnings: What's In Store?
Zacks Investment Research | Apr 22, 2018 10:58PM ET
MobileIron Inc. (NASDAQ:MOBL) is scheduled to report first-quarter 2018 results on Apr 26. Notably, the company has a mixed earnings surprise history. In the trailing four quarters, the stock has surpassed the Zacks Consensus Estimate twice while matching the same on two occasions. It has an average positive earnings surprise of 33.3%.
The Zacks Consensus Estimate for the quarter is pegged at a loss of 6 cents, which is flat with the year-ago quarter figure. We note that, the Zacks Consensus Estimate has remained unchanged over the past 30 days. Additionally, analysts polled by Zacks project revenues of roughly $43.8 million, up 3.5% from the year-ago quarter.
The company’s shares have returned 23.1% year to date outperforming the 10.1% rally of the industry it belongs to.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
We believe first-quarter results will be driven by rapid adoption of its robust product portfolio. The strong portfolio is helping MobileIron to rapidly penetrate into the Enterprise Mobile Management (“EMM”), Cloud Security, Desktop Security and the Internet of Things (“IoT”) market. In the quarter under review, the company’s EMM services were selected by Cordaan, an Amsterdam healthcare provider.
The company’s products particularly, MobileIron Cloud and MobileIron Access enjoy steady demand from federal governments worldwide. Previous contract wins from the Slovenian railways and the Public Health Agency of Sweden is likely to bode well for the company.
Furthermore, in its latest report "Crisp Vendor Universe 2018 for Workplace & Mobility", German research firm Crisp Research AG named MobileIron as the “Leader in the Unified Endpoint Management (UEM) segment.”
During the quarter, the company’s MobileIron Bridge platform was selected by German Red Cross of Rhineland-Palatinate to manage laptops and smartphones running Windows 10 centrally. Additionally, MobileIron Core, will enable Rhineland-Palatinate to delete corporate data from employee devices after they discontinue their services, or block access.
MobileIron continues to gain from its product selections by wireless carriers like Verizon Communications (NYSE:VZ) and T-Mobile.
The company’s app distribution, analytics, and security offerings along with Google (NASDAQ:GOOGL) Cloud's Orbitera commerce platform furnished an integrated software solution which ensures an end-to-end solution beginning from purchase to deployment. Customized solutions will empower both the customers and suppliers with a seamless and secured cloud experience.
Notably, company’s MobileAccess platform has been integrated into Concur, Tableau, Workday, Facebook (NASDAQ:FB), Microsoft’s Office 365, Octa, One Login, Paint and DropBox. Further, the integration with Google Cloud will aid customer wins, which remains a key top-line growth driver.
What Does the Zacks Model Unveil?
Our proven model shows that MobileIron is unlikely to beat earnings this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
MobileIron has a Zacks Rank #3 and Earnings ESP of 0.00%, which indicates an unlikely positive earnings surprise.
The Sell-rated stocks (#4 or 5) are best avoided, especially when the company is seeing negative estimate revisions.
Stocks with Favorable Combination
Here are a couple of stocks from the broader technology sector, you may want to consider as our proven model shows that these have the right combination of elements to post an earnings beat this quarter.
Western Digital (NASDAQ:WDC) has an Earnings ESP of +2.30% and a Zacks Rank #1.
Paycom (NYSE:PAYC) has an Earnings ESP of +0.33% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Citrix Systems (NASDAQ:CTXS) has an Earnings ESP of +0.07% and a Zacks Rank #2.
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