Atlassian Corporation Plc (NASDAQ:TEAM) IT service provider, is expected to report first quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 1.18 per share on the revenues of $ 1925.22 million.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.26 ~ $ 0.27 per share, while revenues are expected in a range of $ 430.00 million ~ $ 445.00 million
Click Here For More Historical Outlooks Of Atlassian Corporation Plc
Previous Quarter Performance
Atlassian Corporation Plc came out with income for the fourth quarter of $ 0.25 per share, from the revenue of $ 430.48 million. The quarterly earnings developed 25.00 percent while revenues developed 28.66 percent compared with the same quarter last year.
Street analysts expected Atlassian Corporation Plc to report income of $ 0.21 per share on revenue of $ 410.71 million for the fourth quarter. The bottom line results beat street analysts by $ 0.04 or 19.05 percent, at the same time, top line results outshined analysts by $ 19.77 million or 4.81 percent.
Stock Performance
Shares of Atlassian Corporation Plc traded low $ -4.15 or -1.95 percent on Wednesday, reaching $ 208.86 with volume of 1.82 million shares. Atlassian Corporation Plc has traded high as $ 211.51 and has cracked $ 206.79 on the downward trend
According to the previous trading day, closing price of $ 208.86, representing a 93.63 % increase from the 52 week low of $ 110.01 and a 1.52 % decrease over the 52 week high of $ 216.30.
The company has a market capital of $ 52.05 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by Piper Sandler at Overweight rating, with $ 212.00 target price.
Conference Call
Atlassian Corporation Plc will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atlassian.com
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 companys 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.
