Avalara, Inc. (NYSE:AVLR) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.09 per share.
For the full year, analysts predict revenues of $ 469.39 million, while looking forward to loss of $ 0.17 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 115.00 million ~ $ 117.00 million
Full Year 2020 topline are forecasted in a range of$ 465.00 million ~ $ 470.00 million
Click Here For More Historical Outlooks Of Avalara, Inc.
Previous Quarter Performance
Avalara, Inc. unveiled income for the second quarter of $ 0.04 per share, from the revenue of $ 116.49 million. The quarterly revenues swell 27.59 percent compared with the same quarter last year. According to street consensus, AVLR was expected to report 2Q20 loss of $ 0.10 per share from revenue of $ 110.36 million. The bottom line results beat street analysts by $ 0.14 or 140.00 percent, at the same time, top line results outshined analysts by $ 6.13 million or 5.55 percent.
Stock Performance
Shares of Avalara, Inc. traded up $ 13.72 or 9.52 percent on Wednesday, reaching $ 157.86 with volume of 643.80 thousand shares. Avalara, Inc. has traded high as $ 158.40 and has cracked $ 147.10 on the downward trend
The closing price of $ 157.86, representing a 159.71 % increase from the 52 week low of $ 55.50 and a 10.15 % decrease over the 52 week high of $ 160.42.
The company has a market capital of $ 13.28 billion and is part of the Technology sector and Software – Application industry.
Conference Call
Avalara, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.avalara.com
Avalara, Inc. provides cloud-based solutions for transaction tax compliance 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.
