Cloud content management platform Box (NYSE: BOX) will be reporting results this Tuesday after market close. Here’s what to expect.
Box beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $294 million, up 8.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ billings estimates but EPS guidance for next quarter slightly missing analysts’ expectations.
Is Box a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Box’s revenue to grow 8.4% year on year to $299 million, improving from the 5.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Box has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Box’s peers in the productivity software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Dropbox posted flat year-on-year revenue, beating analysts’ expectations by 1.7%, and Pegasystems reported revenues up 17.3%, topping estimates by 8.5%. Dropbox traded up 8.2% following the results while Pegasystems was also up 15%.
Read our full analysis of Dropbox’s results here and Pegasystems’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the productivity software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Box is down 8.3% during the same time and is heading into earnings with an average analyst price target of $36.75 (compared to the current share price of $29.50).
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