What To Expect From MINDBODY (MB) This Earnings Season?
Zacks Investment Research | Jul 24, 2016 10:04PM ET
MINDBODY, Inc. (NASDAQ:MB) is set to report second-quarter 2016 results on Jul 27. Last quarter the company reported a positive earnings surprise of 32%. 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 currently provides its services to 42,000 businesses in over 124 countries worldwide. With such a huge client base, the company is expected to post impressive earnings numbers in the second quarter.
Though the company posted a loss in the first quarter of 2016, the reported figure was narrower than the Zacks Consensus Estimate.
MINDBODY’s gross margin for the first quarter was 68.8%, up from 60.9% reported in the year-ago quarter. The year-over-year growth in gross margin was primarily due to a higher revenue base.
Furthermore, significant investments in growth areas for improving implementation timelines, particularly for web and mobile applications products, will likely boost profitability in the to-be reported quarter.
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