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.
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.