Atlassian (TEAM) Projected to Post Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAM) is expected to announce its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $1.24 billion for the quarter. Atlassian has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 31st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Atlassian had a negative return on equity of 23.35% and a negative net margin of 8.59%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, analysts expect Atlassian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlassian Stock Performance

Atlassian stock opened at $274.71 on Wednesday. The business has a 50 day moving average of $258.81 and a 200-day moving average of $206.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. Atlassian has a 1 year low of $135.29 and a 1 year high of $287.97. The company has a market capitalization of $71.54 billion, a P/E ratio of -180.73 and a beta of 0.83.

Insider Buying and Selling

In related news, CEO Michael Cannon-Brookes sold 7,948 shares of Atlassian stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $278.79, for a total value of $2,215,822.92. Following the completion of the sale, the chief executive officer now owns 135,116 shares of the company’s stock, valued at approximately $37,668,989.64. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Anutthara Bharadwaj sold 4,560 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $225.45, for a total transaction of $1,028,052.00. Following the transaction, the president now owns 224,436 shares of the company’s stock, valued at $50,599,096.20. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,240 shares of company stock worth $66,529,872. 38.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TEAM. Wells Fargo & Company boosted their price objective on shares of Atlassian from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Mizuho lifted their target price on shares of Atlassian from $240.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup boosted their price objective on Atlassian from $255.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Canaccord Genuity Group raised their price objective on shares of Atlassian from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, KeyCorp lifted their price target on shares of Atlassian from $260.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $273.19.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.