Zix carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. The proven Zacks model does not conclusively predict an earnings beat for Zix this time around. However, the company’s highly-leveraged balance sheet might have posed a concern. This makes us optimistic about the acquisition’s impact on Zix’s top line and margins in the third quarter. The integration of AppRiver into Zix’s business is also expected to have benefited the latter’s earnings in the third quarter.įurthermore, acquired assets of email security provider DeliverySlip are expanding Zix’s product suite and customer base, achieving cost savings, and creating additional cross-selling opportunities. On this front, the launch of Zi圎ncrypt and ZixArchive into the AppRiver platform in the second quarter is likely to have boosted adoption of these offerings in the third quarter. The company is also expected to have progressed further with the integration of AppRiver into its operations. This is because AppRiver, which was acquired by Zix earlier this year, is a preferred supplier of Office 365. Moreover, increase in adoption of Microsoft’s MSFT Office 365 might have contributed to ARR (annual recurring revenue) growth during the quarter. High retention rate is also expected to have been a positive, reflecting Zix’s success in cross-selling its installed base. New product trials and higher cross sells, driven by the company’s sales team and channel partners, are expected to have been tailwinds in the third quarter. New customer wins are expected to have positively impacted Zix’s third-quarter performance. It also outpaced the consensus estimate of $18 million, driven by new customer wins and cross selling. The company generated revenues of $45.9 million, surging 162.4% from the year-earlier quarter.
In the last reported quarter, Zix’s non-GAAP earnings came in at 11 cents per share, which surpassed the Zacks Consensus Estimate of 10 cents, and also grew 51% year over year. The company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, matching it once and missing it once, the average negative surprise being 0.63%. The consensus estimate for earnings stands at 13 cents per share, suggesting 14.1% growth from the year-ago reported number. Non-GAAP adjusted earnings per share are expected to be between 12 cents and 14 cents. The Zacks Consensus Estimate is pegged at $47.3 million, indicating a whopping 164.5% rise from the prior-year reported figure. For new users, you will need to create an account from the official website before you can use the service.Zix Corporation ZIXI is set to report third-quarter 2019 results on Oct 31.įor the quarter, the company expects revenues in the range of $47-$47.5 million. If you already have an account on appriver portal login, then enter your username and password. Check if AppRiver is down or having problems.
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