Avalara (NYSE:AVLR) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect Avalara to post earnings of ($0.20) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Avalara (NYSE:AVLR) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.15. Avalara had a negative net margin of 23.56% and a negative return on equity of 32.45%. The business had revenue of $85.00 million during the quarter, compared to analyst estimates of $78.67 million. The business’s revenue was up 38.4% on a year-over-year basis. On average, analysts expect Avalara to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AVLR stock opened at $77.50 on Tuesday. Avalara has a 1 year low of $28.09 and a 1 year high of $87.07. The firm has a fifty day simple moving average of $79.02. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of -71.76 and a beta of 0.59.
A number of research analysts have weighed in on AVLR shares. First Analysis started coverage on shares of Avalara in a research report on Friday, July 26th. They set a “strong-buy” rating for the company. KeyCorp boosted their target price on shares of Avalara from $54.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered shares of Avalara from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Stephens started coverage on shares of Avalara in a research report on Tuesday, July 30th. They set an “overweight” rating and a $105.00 target price for the company. Finally, Needham & Company LLC boosted their target price on shares of Avalara from $64.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $72.38.
Avalara Company Profile
Avalara, Inc provides cloud-based solutions for transaction tax compliance 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.
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