Stock Earnings Estimates Under Consideration: Cvent, Inc. (CVT)

The shares of Cvent, Inc. (NYSE:CVT) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 57.57M by 2 analysts. The means estimate of sales for the year ending Dec-16 is 230.57M by 2 analysts.

The mean price target for the shares of Cvent, Inc. (CVT) is at 40.00 while the highest price target suggested by the analysts is 40.00 and low price target is 40.00. The mean price target is calculated keeping in view the consensus of 1 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Cvent, Inc. (CVT) stands at -0.05 while the EPS for the current year is fixed at 0.22 by 2 analysts.

The next one year’s EPS estimate is set at 0.22 by 2 analysts while a year ago the analysts suggested the company’s EPS at -0.01. The analysts also projected the company’s long-term growth at 30.00% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Cvent, Inc. (CVT) reported earnings of $0.07. The posted earnings topped the analyst’s consensus by $0.11 with the surprise factor of 275.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 18, 2016 Cvent, Inc. (CVT) was recognized as a Best Place to Work by Washington Business Journal. Based on employee ratings, Cvent received this honor alongside other prominent companies in the D.C. metro area. This is Cvent’s sixthappearance on this list in the last eight years.

“Cvent’s most important asset is our employees,” said Reggie Aggarwal, founder and CEO of Cvent. “This recognition is held in extremely high regard because they have voted Cvent as one of the top 10 places to work for in the extra-large category. We pride ourselves for having an intrapreneurial spirit and a collaborative culture where everyone is encouraged to bring forward new ideas and connect with one another.”