Will Sphere 3D (ANY) Post A Surprise This Earnings Season?
Zacks Investment Research | Nov 09, 2016 09:17PM ET
Sphere 3D Corp. (NASDAQ:ANY) is set to report third-quarter 2016 results on Nov 14, 2016. Last quarter, the company posted a positive earnings surprise of 50%. Let’s see how things are shaping up for this announcement.
Factors to Consider
Sphere 3D is a virtualization technology solution provider. Though the company reported a loss in the second quarter, it compared favorably with the Zacks Consensus Estimate. Revenues however missed the consensus mark.
Sphere 3D’s second-quarter revenues increased 11.1% year over year to $20 million. Unfortunately, the company has a history of incurring losses. In the last quarter, the company suffered a loss of 9 cents per share compared with a loss of 15 cents per share reported in the year-ago period.
However, we believe that the company’s strategy of growing through acquisitions will drive its revenues. Moreover, its sustained focus on product innovation and strategic alliances will continue to help in winning more deals.
Nonetheless, increased investment may impact the company’s near-term profitability.
SPHERE 3D CORP Price and EPS Surprise
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