What's In The Store For MINDBODY (MB) This Earnings Season?
Zacks Investment Research | Jul 23, 2017 09:35PM ET
MINDBODY, Inc. (NASDAQ:MB) is scheduled to report second-quarter 2017 results on Jul 26. Last quarter, the company posted a narrower-than-expected loss, resulting in a positive surprise of 10%. Notably, the stock surpassed the Zacks Consensus Estimate over the trailing four quarters, with an average positive surprise of 13.6%.
Let us see how things are shaping up for this announcement.
Factors to Consider
MINDBODY develops cloud-based business management software and payments platform for the wellness services industry. The company provides its services to over 42,000 businesses in over 124 countries worldwide. With such a huge client base, it is anticipated to post impressive earnings numbers in the second quarter.
Furthermore, significant investments in growth areas for improving implementation timelines, particularly for the web and mobile applications products, will boost profitability. This is likely to be reflected in the to-be-reported quarterly results.
Nonetheless, the availability of various cheap alternatives such as Vagaro Pricing, iConnect360 Pricing and Zen Planner Pricing may adversely affect the second-quarter results. Moreover, an uncertain economic condition remains a concern.
MINDBODY, Inc. Price and EPS Surprise
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