MobileIron, Inc. (MOBL)

[LionsTact]

Earnings Report Due today 4/29 so Where is it?

The market expects MobileIron (MOBL) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2020. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on April 29, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This IT company for mobile applications industry is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -16.7%.

Revenues are expected to be $47.50 million, down 1.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

https://finance.yahoo.com/news/earnings-preview-mobileiron-mobl-q1-163104038.html