-$0.19 EPS Expected for Avalara Inc (AVLR) This Quarter
Equities analysts predict that Avalara Inc (NYSE:AVLR) will report ($0.19) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Avalara’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.18). The firm is scheduled to report its next earnings report on Wednesday, February 6th.
On average, analysts expect that Avalara will report full year earnings of ($0.71) per share for the current financial year, with EPS estimates ranging from ($0.72) to ($0.69). For the next financial year, analysts forecast that the company will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.57) to ($0.37). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Avalara.
Avalara (NYSE:AVLR) last issued its earnings results on Wednesday, November 7th. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.02). The business had revenue of $69.50 million during the quarter, compared to analysts’ expectations of $66.27 million. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Warburg Pincus LLC bought a new position in shares of Avalara in the second quarter worth $745,045,000. TD Asset Management Inc. bought a new position in shares of Avalara in the second quarter worth $547,000. FMR LLC bought a new position in shares of Avalara in the second quarter worth $11,645,000. Crawford Lake Capital Management LLC bought a new position in shares of Avalara in the second quarter worth $2,740,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Avalara in the second quarter worth $472,000. 71.37% of the stock is owned by institutional investors.
NYSE AVLR traded down $0.18 during trading hours on Friday, hitting $29.82. The company had a trading volume of 279,048 shares, compared to its average volume of 245,620. Avalara has a fifty-two week low of $28.09 and a fifty-two week high of $59.40.
Avalara, Inc provides transaction tax compliance cloud-based solutions worldwide. It offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs.
Further Reading: How to use beta for portfolio diversification
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Avalara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalara and related companies with MarketBeat.com's FREE daily email newsletter.