-$0.18 EPS Expected for Avalara Inc (AVLR) This Quarter

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Equities research analysts expect Avalara Inc (NYSE:AVLR) to announce earnings of ($0.18) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Avalara’s earnings, with estimates ranging from ($0.18) to ($0.17). The company is scheduled to announce its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Avalara will report full year earnings of ($0.70) per share for the current year, with EPS estimates ranging from ($0.72) to ($0.68). For the next year, analysts anticipate that the company will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.39) to ($0.34). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Avalara.

Avalara (NYSE:AVLR) last released its quarterly earnings data on Thursday, August 9th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $61.47 million. The company’s revenue for the quarter was up 25.1% on a year-over-year basis.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Avalara in a report on Tuesday, July 10th. They issued a “neutral” rating and a $50.00 price objective for the company. JMP Securities assumed coverage on Avalara in a report on Tuesday, July 10th. They issued a “market perform” rating for the company. Stifel Nicolaus assumed coverage on Avalara in a report on Tuesday, July 10th. They issued a “hold” rating and a $44.00 price objective for the company. Bank of America assumed coverage on Avalara in a report on Tuesday, July 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, KeyCorp assumed coverage on Avalara in a report on Tuesday, July 10th. They issued a “sector weight” rating for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.25.

NYSE AVLR traded down $0.22 during trading hours on Friday, hitting $39.65. The company’s stock had a trading volume of 3,017 shares, compared to its average volume of 449,239. Avalara has a 12 month low of $32.10 and a 12 month high of $59.40. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Warburg Pincus LLC bought a new stake in shares of Avalara during the 2nd quarter valued at about $745,045,000. Whale Rock Capital Management LLC bought a new stake in shares of Avalara during the 2nd quarter valued at about $64,341,000. BlackRock Inc. bought a new stake in shares of Avalara during the 2nd quarter valued at about $25,777,000. Laurion Capital Management LP bought a new stake in shares of Avalara during the 2nd quarter valued at about $16,011,000. Finally, FMR LLC bought a new stake in shares of Avalara during the 2nd quarter valued at about $11,645,000. Institutional investors own 68.40% of the company’s stock.

Avalara Company Profile

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.

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Earnings History and Estimates for Avalara (NYSE:AVLR)

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