Box Inc reports results for the quarter ended April 30 - Earnings Summary

• Box Inc BOX.N reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of nine analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 25 cents to 28 cents per share.

• Revenue rose 4.4% to $276.27 million from a year ago; analysts expected $274.80 million.

• Box Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $3.52 million.

• Box Inc shares had risen by 0.7% this quarter and lost 1.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 39.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Box Inc is $37.50

This summary was machine generated from LSEG data May 28 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)