Mindbody Inc. (NASDAQ:MB) just released its latest quarterly financial results, posting earnings of 6 cents per share and revenues of $53.8 million.
Currently, MB is a #4 (Sell), but that could change based on today’s results. Shares of the company have gained about 10.8% over the past month, and were down 1.9% during regular trading hours today.
The stock is currently down about 6.3% to $41.00 per share in after-hours trading shortly after its earnings report was released.
Mindbody:
Beat earnings estimates. The company reported earnings of 6 cents per share, surpassing the Zacks Consensus Estimate of 4 cents per share.
Matched revenue estimates. The company saw revenue figures of $53.8 million, coming in-line our consensus estimate of $53.82 million and surging 28% year-over-year. Additionally, the average revenue per subscriber, or ARPS, grew 31% year-over-year.
Subscription and services revenues was $32.7 million, increasing 31% year-over-year, while Payments revenue saw a 21% increase from the prior-year period.
Mindbody also noted that they now have almost 45 million consumer bookings on its mobile apps.
Looking ahead, Mindbody expects revenue growth in the range of 35% to 39% for the second quarter, with revenue growth between 35% and 38% for the full-year 2018.
CEO Rick Stollmeyer said that because of the company’s recent “acquisitions of FitMetrix, Booker and Frederick, [Mindbody is] positioned for an acceleration of consumer adoption and strong growth for years to come.”
Here’s a graph that looks at Mindbody’s recent earnings performance:
Mindbody develops cloud-based business management software and payments platform for the wellness services industry. Its platform enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts and dance exercise, as well as spas, salons, music instruction studios, dance studios, children’s activity center and integrative health centers. Mindbody is headquartered in San Luis Obispo, California.
Check back later for our full analysis on MB’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
MINDBODY, Inc. (MB): Free Stock Analysis Report
Original post
Zacks Investment Research