$0.19 Earnings Per Share Expected for Atlassian Co. Plc (NASDAQ:TEAM) This Quarter

Equities research analysts forecast that Atlassian Co. Plc (NASDAQ:TEAM) will post $0.19 earnings per share for the current quarter, Zacks reports. Six analysts have provided estimates for Atlassian’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.17. Atlassian reported earnings per share of $0.25 in the same quarter last year, which would suggest a negative year over year growth rate of 24%. The firm is scheduled to issue its next earnings report on Thursday, July 29th.

On average, analysts expect that Atlassian will report full year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.35. For the next year, analysts forecast that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.26 to $1.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Atlassian.

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Atlassian from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 20th. Cowen raised their target price on Atlassian from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Canaccord Genuity raised their target price on Atlassian from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 6th. KeyCorp raised their target price on Atlassian from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 29th. Finally, DA Davidson increased their price target on Atlassian from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, April 20th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Atlassian currently has a consensus rating of “Buy” and a consensus target price of $253.35.

Several institutional investors have recently bought and sold shares of TEAM. Veriti Management LLC bought a new stake in shares of Atlassian during the 4th quarter worth $25,000. Neo Ivy Capital Management purchased a new stake in Atlassian in the fourth quarter worth approximately $28,000. Creative Financial Designs Inc. ADV grew its position in Atlassian by 52.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 145 shares of the technology company’s stock valued at $34,000 after acquiring an additional 50 shares during the last quarter. Defined Wealth Management LLC bought a new position in Atlassian during the fourth quarter valued at approximately $36,000. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of Atlassian by 67.2% during the first quarter. Prime Capital Investment Advisors LLC now owns 214 shares of the technology company’s stock worth $45,000 after acquiring an additional 86 shares in the last quarter. 91.46% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TEAM traded down $0.46 during trading hours on Wednesday, hitting $223.98. 102,105 shares of the company were exchanged, compared to its average volume of 1,423,756. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of -122.71, a price-to-earnings-growth ratio of 155.95 and a beta of 0.99. Atlassian has a one year low of $160.01 and a one year high of $262.40. The company has a fifty day simple moving average of $224.92 and a 200 day simple moving average of $226.60.

About Atlassian

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams.

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Earnings History and Estimates for Atlassian (NASDAQ:TEAM)

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