Wall St. Revenue Expectations: On average, analysts predict $341.5 million in revenue this quarter, a rise of 13.9% from the year-ago quarter. Analysts are forecasting total revenue of $1.18 billion for the year, a rise of 15.7% from last year’s revenue of $1.02 billion.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.89 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations.
Key Stats:
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 23.2% over the last four quarters.
Analyst Ratings: There are mostly holds on the stock with eight of 12 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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