MINDBODY (MB) To Report Q1 Earnings: What's In The Cards?

MINDBODY, Inc. (NASDAQ:MB) is slated to release first-quarter 2018 results on May 8.

Notably, this provider of cloud-based business management software and payments platform surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average positive earnings surprise of 107.5%. In the last reported quarter, the company came up with an earnings surprise of 200%.

Let’s see how things are shaping up prior to this announcement.

What the Zacks Model Unveils

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or #5 (Strong Sell) stocks are best avoided.

MINDBODY has a Zacks Rank #4 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Notably, the availability of other cheap alternatives and certain macroeconomic headwinds are likely to negatively impact first-quarter results.

Nevertheless, the company is expected to witness year-over-year growth in both top and bottom line figures.

The Zacks Consensus Estimate for earnings is pegged at 4 cents per share, indicating a 233.3% increase from the year-ago quarter. Further, analysts polled by Zacks expect revenues of $53.8 million, up 27.5% from the year-ago quarter.

MINDBODY experienced robust adoption of “promoted introductory offer purchases” and dynamic pricing in the last reported quarter. This resulted in increased adoption of the company’s transaction-enabled marketplace that connects customers to their target audience.

Additionally, the company’s inorganic growth strategies are major positives, boosting subscriber and consumer adoption. During the quarter, the company acquired FitMetrix, a provider of “performance tracking solutions”. This is expected to have a positive impact on the top line.

Furthermore, the company’s continuous efforts to enhance its portfolio, investments for improving the growth segments and a huge client base are expected to aid financials of the soon-to-be reported quarter.

Stocks to Consider

Here are some companies you may want to consider as our model shows that these have the right combination of elements to beat on earnings:

Workday, Inc. (NASDAQ:WDAY) has an Earnings ESP of +7.68% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Analog Devices, Inc. (NASDAQ:ADI) has an Earnings ESP of +0.20% and a Zacks Rank #2 .

NVIDIA Corporation (NASDAQ:NVDA) has an Earnings ESP of +0.45% and a Zacks Rank #3.

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