$63.69 Million in Sales Expected for Anaplan Inc (PLAN) This Quarter

Wall Street brokerages expect Anaplan Inc (NYSE:PLAN) to announce $63.69 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Anaplan’s earnings, with estimates ranging from $63.49 million to $63.82 million. The business is scheduled to report its next earnings results on Wednesday, February 27th.

On average, analysts expect that Anaplan will report full-year sales of $235.13 million for the current financial year, with estimates ranging from $234.88 million to $235.29 million. For the next fiscal year, analysts expect that the firm will report sales of $297.41 million, with estimates ranging from $289.87 million to $303.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Anaplan.

Anaplan (NYSE:PLAN) last issued its earnings results on Wednesday, November 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $62.00 million during the quarter, compared to the consensus estimate of $57.47 million. Anaplan’s quarterly revenue was up 40.3% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. JMP Securities assumed coverage on Anaplan in a report on Tuesday, November 6th. They set an “outperform” rating and a $29.00 price target on the stock. Canaccord Genuity started coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued a “buy” rating and a $27.00 price target on the stock. Needham & Company LLC started coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued a “buy” rating and a $30.00 price target on the stock. Morgan Stanley started coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued an “equal weight” rating and a $23.00 price target on the stock. Finally, Evercore ISI started coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued an “inline” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.33.

NYSE PLAN traded up $0.65 during trading hours on Monday, reaching $28.55. The company’s stock had a trading volume of 373,167 shares, compared to its average volume of 424,362. Anaplan has a 52 week low of $20.37 and a 52 week high of $29.70.

In other news, insider David Ying Xian Chung acquired 3,600 shares of the stock in a transaction on Tuesday, October 16th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $61,200.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandesh Kaveripatnam acquired 1,104,999 shares of the stock in a transaction on Tuesday, October 16th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $18,784,983.00. The disclosure for this purchase can be found here.

About Anaplan

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.

Further Reading: Diversification

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Earnings History and Estimates for Anaplan (NYSE:PLAN)

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