Zacks: Brokerages Expect Alteryx, Inc. (NYSE:AYX) Will Announce Earnings of -$0.25 Per Share

Equities research analysts expect Alteryx, Inc. (NYSE:AYX) to report earnings of ($0.25) per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Alteryx’s earnings, with estimates ranging from ($0.27) to ($0.23). Alteryx posted earnings per share of $0.02 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1,350%. The business is expected to announce its next quarterly earnings results on Thursday, August 5th.

According to Zacks, analysts expect that Alteryx will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.07. For the next year, analysts expect that the business will report earnings of $0.23 per share, with EPS estimates ranging from ($1.53) to $1.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alteryx.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Monday, May 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. The firm had revenue of $118.76 million for the quarter, compared to the consensus estimate of $106.08 million. Alteryx had a negative return on equity of 2.24% and a negative net margin of 9.81%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS.

A number of research firms recently issued reports on AYX. Morgan Stanley dropped their price target on Alteryx from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 19th. TheStreet cut Alteryx from a “c-” rating to a “d+” rating in a research report on Tuesday, May 4th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell decreased their price objective on Alteryx from $148.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, May 27th. Needham & Company LLC decreased their price objective on Alteryx from $157.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, May 5th. Finally, Citigroup decreased their price objective on Alteryx from $148.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, May 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $137.23.

NYSE:AYX opened at $82.15 on Tuesday. The stock’s 50 day moving average price is $80.56. The stock has a market cap of $5.51 billion, a P/E ratio of -108.09 and a beta of 0.72. The company has a quick ratio of 4.13, a current ratio of 4.13 and a debt-to-equity ratio of 1.47. Alteryx has a 52-week low of $73.32 and a 52-week high of $185.75.

In other Alteryx news, insider Christopher M. Lal sold 640 shares of the firm’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $87.02, for a total transaction of $55,692.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean Stoecker sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $85.48, for a total value of $641,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,515 shares of company stock valued at $3,190,373. 12.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its position in Alteryx by 130.8% during the first quarter. Advisory Services Network LLC now owns 3,577 shares of the company’s stock worth $297,000 after buying an additional 2,027 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Alteryx by 204.5% during the first quarter. Rehmann Capital Advisory Group now owns 3,164 shares of the company’s stock worth $262,000 after buying an additional 2,125 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Alteryx by 574.9% during the first quarter. 180 Wealth Advisors LLC now owns 43,611 shares of the company’s stock worth $3,295,000 after buying an additional 37,149 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its position in shares of Alteryx by 12.5% in the first quarter. Beacon Investment Advisory Services Inc. now owns 4,683 shares of the company’s stock valued at $389,000 after purchasing an additional 522 shares during the period. Finally, Akaris Global Partners LP purchased a new stake in shares of Alteryx in the first quarter valued at $2,298,000. 68.27% of the stock is owned by institutional investors.

Alteryx Company Profile

Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its analytic process automation software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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