MINDBODY (MB) Releases Q4 2018 Earnings Guidance

MINDBODY (NASDAQ:MB) issued an update on its fourth quarter 2018 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.1–0.07 for the period, compared to the Thomson Reuters consensus estimate of $-0.06. The company issued revenue guidance of $65-67 million, compared to the consensus revenue estimate of $68.14 million.

NASDAQ MB traded down $4.85 during mid-day trading on Wednesday, reaching $27.78. 161,555 shares of the stock were exchanged, compared to its average volume of 968,644. MINDBODY has a 1-year low of $28.70 and a 1-year high of $45.50. The firm has a market cap of $1.60 billion, a P/E ratio of -92.63 and a beta of 0.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 9.61 and a current ratio of 9.61.

MINDBODY (NASDAQ:MB) last announced its earnings results on Tuesday, November 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. MINDBODY had a negative net margin of 11.85% and a negative return on equity of 6.83%. The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.99 million. During the same quarter last year, the business earned $0.01 earnings per share. MINDBODY’s revenue was up 36.9% compared to the same quarter last year. As a group, equities analysts predict that MINDBODY will post -0.63 EPS for the current year.

A number of analysts recently issued reports on MB shares. William Blair started coverage on shares of MINDBODY in a research report on Wednesday, September 26th. They set a market perform rating on the stock. Wells Fargo & Co initiated coverage on shares of MINDBODY in a research note on Friday, September 7th. They set an outperform rating and a $45.00 price target on the stock. Credit Suisse Group cut their price target on shares of MINDBODY from $41.00 to $38.00 and set a neutral rating on the stock in a research note on Wednesday, August 1st. DA Davidson increased their price target on shares of MINDBODY to $48.00 and gave the stock a buy rating in a research note on Wednesday, September 19th. Finally, BidaskClub raised shares of MINDBODY from a hold rating to a buy rating in a research note on Tuesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $35.73.

In other news, major shareholder Luxor Capital Group, Lp sold 78,548 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $33.20, for a total value of $2,607,793.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael Joseph Mansbach sold 3,705 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $35.25, for a total transaction of $130,601.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,809 shares of company stock worth $4,430,896. 6.02% of the stock is currently owned by insiders.

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About MINDBODY

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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Earnings History and Estimates for MINDBODY (NASDAQ:MB)

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