Avalara, Inc. (NYSE:AVLR) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 460.24 million, while looking forward to loss of $ 0.19 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 109.00 million ~ $ 111.00 million
Full Year 2020 topline are forecasted in a range of$ 455.00 million ~ $ 465.00 million
Click Here For More Historical Outlooks Of Avalara, Inc.
Previous Quarter Performance
Avalara, Inc. announced loss for the first quarter of $ 0.20 per share, from the revenue of $ 111.44 million. The quarterly revenues enlarged 31.15 percent compared with the same quarter last year. According to street consensus, AVLR was expected to report 1Q20 loss of $ 0.11 per share from revenue of $ 108.31 million. The bottom line results missed street analysts by $ 0.09 or 81.82 percent, at the same time, top line results outshined analysts by $ 3.13 million or 2.89 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AVLR was $ 138.83, representing a 150.14 % increase from the 52 week low of $ 55.50 and a 3.72 % decrease over the 52 week high of $ 144.20.
The company has a market capital of $ 10.89 billion and is part of the Technology sector and Software – Application industry.
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Recent Analyst recommendations
- On 24th June 2020, maintained by Needham & Company LLC at Buy rating, with $ 150.00 target price.
Conference Call
Avalara, Inc. will be hosting a conference call at 5:00 PM eastern time on 4th August 2020, to discuss its 2Q20 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.
