Wall Street analysts forecast that Anaplan Inc (NYSE:PLAN) will post earnings of ($0.21) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Anaplan’s earnings, with the lowest EPS estimate coming in at ($0.22) and the highest estimate coming in at ($0.19). The firm is expected to announce its next quarterly earnings results on Monday, May 27th.

On average, analysts expect that Anaplan will report full-year earnings of ($0.69) per share for the current fiscal year, with EPS estimates ranging from ($0.73) to ($0.63). For the next financial year, analysts forecast that the firm will post earnings of ($0.50) per share, with EPS estimates ranging from ($0.53) to ($0.46). Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Anaplan.

Anaplan (NYSE:PLAN) last announced its quarterly earnings results on Monday, February 25th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.05. The firm had revenue of $69.30 million for the quarter, compared to analyst estimates of $63.71 million. Anaplan’s revenue for the quarter was up 49.7% compared to the same quarter last year.

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Anaplan in a report on Friday, February 22nd. Barclays reissued a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Zacks Investment Research downgraded shares of Anaplan from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. KeyCorp reissued a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Finally, Canaccord Genuity reissued a “buy” rating and set a $40.00 price target on shares of Anaplan in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.44.

Shares of PLAN opened at $40.68 on Friday. Anaplan has a 1 year low of $20.37 and a 1 year high of $40.81. The firm has a market cap of $4.86 billion and a PE ratio of -23.65.

A number of hedge funds have recently bought and sold shares of the stock. Neuburgh Advisers LLC acquired a new stake in Anaplan in the fourth quarter worth about $27,000. Advisor Group Inc. acquired a new stake in Anaplan in the fourth quarter worth about $41,000. Flinton Capital Management LLC acquired a new stake in Anaplan in the fourth quarter worth about $42,000. Legal & General Group Plc acquired a new stake in Anaplan in the fourth quarter worth about $74,000. Finally, Citigroup Inc. acquired a new stake in Anaplan in the fourth quarter worth about $126,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Anaplan Company Profile

Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.

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Earnings History and Estimates for Anaplan (NYSE:PLAN)

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