MobileIron, Inc.MOBL will report first-quarter 2017 earnings on Apr 27 after the bell.
The company has a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult. This is because, per our proven model, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat estimates. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
We don't recommend Sell-rated stocks (Zacks Rank #4 or #5) going into the earnings announcement.
MobileIron's surprise history has been quite impressive as the company beat estimates in two of the last four quarters and matched estimates on one occasion. Year to date, the stock has outperformed the Zacks Internet - Software industry. It has gained 18.7% compared with the industry's gain of 6.3%.
Let's see how things are shaping up for this announcement
What Happened in the Fourth Quarter?
Although MobileIron posted a loss in terms of the bottom line, the fourth quarter was the strongest ever in the company's history. Loss (including stock-based compensation) of 12 cents per share for fourth-quarter 2016 was narrower than the Zacks Consensus Estimate by 2 cents.
Total revenue of $45.5 million beat the Zacks Consensus Estimate by a small margin. Revenues increased 5.6% year over year.
What We Are Watching?
MobileIron's innovation and business strategy are currently yielding better results. Its business is gaining strength both from new as well as existing customers. At the fourth-quarter call, management stated that the company's customer satisfaction scores and customer engagement scores were trending up.
Given the fact that mobile threats are on the rise, MobileIron's Enterprise Mobile Management (EMM) platforms that enable a company to detect whether a device or an app is being compromised and enables them to take the required corrective action bodes well.
Also, MobileIron Access, the facilitator between the mobile app and cloud service,s could see greater adoption, given the growing demand for cloud. Further, we believe that strong renewal rates in the Software Support and Services segment augur well.
MobileIron, Inc. Price and EPS Surprise
For the first-quarter, management expects first-quarter 2017 revenues to remain in the range of $41 million to $43 million. Gross billings are projected in the range of $44 million to $46 million, registering growth of 16% to 21% on a year-over-year basis.
Non-GAAP gross margin is expected in the range of 81% to 83%. Moreover, MobileIron's management expects non-GAAP operating expenses to remain in the range of $41 million to $43 million.
Stocks that Warrant Look
Here are some stocks that you may want to consider as our model shows these have the right combination of elements to post a positive earnings surprise:
Seagate Technology plc STX , with an Earnings ESP of +3.77%, and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
Identiv, Inc. INVE with an Earnings ESP of +6.67% and a Zacks Rank #2.
Fiserv Inc. FISV , with an Earnings ESP of +0.85% and a Zacks Rank #2.
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