Box Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Box, Inc. BOX will release earnings results for its third quarter, after the closing bell on Tuesday, Dec. 3.
Analysts expect the Redwood City, California-based bank to report quarterly earnings at 42 cents per share, up from 36 cents per share in the year-ago period. Box projects to report revenue of $275.1 million for the recent quarter, compared to $261.54 million a year earlier, according to data from Benzinga Pro.
On Sept. 18, Box announced the pricing of offering of $400 million of convertible senior notes.
Box shares gained 0.1% to close at $35.09 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Morgan Stanley analyst Josh Baer maintained an Equal-Weight rating and raised the price target from $30 to $33 on Sept. 5. This analyst has an accuracy rate of 68%.
- Citigroup analyst Steven Enders maintained a Buy rating and increased the price target from $32 to $34 on Aug. 28. This analyst has an accuracy rate of 78%.
- UBS analyst Rich Hilliker maintained a Buy rating and cut the price target from $34 to $31 on May 29. This analyst has an accuracy rate of 62%.
- JMP Securities analyst Erik Suppiger reiterated a Market Outperform rating with a price target of $32 on March 20. This analyst has an accuracy rate of 77%.
- JP Morgan analyst Pinjalim Bora maintained an Overweight rating and boosted the price target from $31 to $32 on March 6. This analyst has an accuracy rate of 66%.
Considering buying BOX stock? Here’s what analysts think:
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