Atlassian Co. PLC (TEAM) Expected to Announce Earnings of $0.21 Per Share

Equities analysts expect that Atlassian Co. PLC (NASDAQ:TEAM) will post earnings of $0.21 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Atlassian’s earnings. Atlassian posted earnings per share of $0.13 in the same quarter last year, which indicates a positive year-over-year growth rate of 61.5%. The firm is expected to announce its next earnings report on Thursday, January 17th.

According to Zacks, analysts expect that Atlassian will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.77 to $0.78. For the next fiscal year, analysts forecast that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.91 to $1.03. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Atlassian.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, October 18th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. Atlassian had a negative net margin of 36.71% and a negative return on equity of 0.75%. The company had revenue of $267.30 million for the quarter, compared to the consensus estimate of $259.67 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue was up 36.7% compared to the same quarter last year.

Several research analysts have recently issued reports on TEAM shares. Canaccord Genuity restated a “buy” rating and set a $100.00 price objective on shares of Atlassian in a report on Tuesday, September 4th. Jefferies Financial Group boosted their price objective on shares of Atlassian to $83.00 and gave the stock a “hold” rating in a report on Tuesday, September 4th. DA Davidson boosted their price objective on shares of Atlassian from $88.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. Summit Insights downgraded shares of Atlassian from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of Atlassian from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Saturday, September 8th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Atlassian currently has a consensus rating of “Buy” and an average target price of $82.00.

Shares of NASDAQ:TEAM traded up $2.97 on Monday, hitting $76.17. 880,669 shares of the company were exchanged, compared to its average volume of 1,375,688. Atlassian has a one year low of $43.11 and a one year high of $98.21. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.17 and a current ratio of 4.17. The company has a market cap of $7.77 billion, a price-to-earnings ratio of -1,088.14, a PEG ratio of 61.62 and a beta of 2.73.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zacks Investment Management increased its stake in Atlassian by 5.5% in the second quarter. Zacks Investment Management now owns 17,490 shares of the technology company’s stock valued at $1,093,000 after acquiring an additional 918 shares during the period. Janney Montgomery Scott LLC increased its stake in Atlassian by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 77,615 shares of the technology company’s stock valued at $4,852,000 after acquiring an additional 960 shares during the period. Motley Fool Wealth Management LLC grew its stake in Atlassian by 0.8% during the third quarter. Motley Fool Wealth Management LLC now owns 137,139 shares of the technology company’s stock worth $13,185,000 after buying an additional 1,093 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Atlassian by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 72,086 shares of the technology company’s stock worth $4,507,000 after buying an additional 1,119 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in Atlassian by 18.5% during the third quarter. Wedbush Securities Inc. now owns 7,806 shares of the technology company’s stock worth $750,000 after buying an additional 1,216 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Atlassian Company Profile

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.

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