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Box: What to Expect in Q1 of Fiscal 2020

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May. 29 2019, Published 10:16 a.m. ET

Revenue growth

Box (BOX) is scheduled to announce its results for the first quarter of fiscal 2020 on June 3—the quarter ending in April. Analysts expect Box to post revenues of $161.45 million—a rise of 14.9% YoY (year-over-year) from $140.51 million in the first quarter of 2019.

Box’s sales are expected to rise 15.2% to $170.8 million in the second quarter of fiscal 2020. Box’s first-quarter sales have risen at a compound annual growth rate of 21.4% from $90 million in the first quarter of fiscal 2016 to $161.4 million in the first quarter of fiscal 2019.

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Box’s earnings

While Box’s sales are expected to rise 14.9%, analysts expect the company’s adjusted EPS to rise 28.6% in the first quarter to -$0.05, which indicates a high operating leverage in the first quarter. Box beat analysts’ earnings estimates in each of the last four quarters. The company posted an EPS of $0.06 in the fourth quarter—200.0% higher than analysts’ estimate of $0.02. The company posted an EPS of -$0.06 in the third quarter—14.3% higher than the estimate of -$0.07.

As the above chart shows, Box reported an EPS of -$0.05 in the second quarter of 2019—16.7% higher than analysts’ estimate of -$0.06. The company also reported an EPS of -$0.07 in the first quarter of 2019—12.5% above analysts’ estimate of -$0.08.

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