Avalara (AVLR) Scheduled to Post Earnings on Wednesday

Share on StockTwits

Avalara (NYSE:AVLR) will announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Avalara (NYSE:AVLR) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.04. The business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $61.47 million. The business’s revenue was up 25.1% on a year-over-year basis. On average, analysts expect Avalara to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AVLR stock opened at $32.62 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.41. Avalara has a fifty-two week low of $30.75 and a fifty-two week high of $59.40.

Several research analysts have recently weighed in on AVLR shares. Zacks Investment Research upgraded Avalara from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, October 3rd. Goldman Sachs Group increased their price target on Avalara to $44.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. KeyCorp reiterated a “buy” rating and set a $47.00 price target on shares of Avalara in a research note on Sunday, October 14th. Stifel Nicolaus started coverage on Avalara in a research note on Tuesday, July 10th. They set a “hold” rating and a $44.00 price target for the company. Finally, JMP Securities started coverage on Avalara in a research note on Tuesday, July 10th. They set a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.67.

Avalara Company Profile

Avalara, Inc provides transaction tax compliance cloud-based solutions 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.

Read More: How accurate is the Rule of 72?

Receive News & Ratings for Avalara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalara and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply