Box Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Box, Inc. BOX is set to release first-quarter financial results, after the closing bell on Tuesday.

Analysts expect the Redwood City, California-based company to report quarterly earnings at 36 cents per share, up from 32 cents per share in the year-ago period. Box is expected to post revenue of $262.04 million, according to data from Benzinga Pro.

On May 16, Box announced the appointment of Steve Murphy, CEO of Epicor Software, to its Board of Directors.

Box shares fell 0.7% to close at $25.88 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Josh Baer downgraded the stock from Overweight to Equal-Weight and cut the price target from $35 to $32 on May 22. This analyst has an accuracy rate of 60%.
• JMP Securities analyst Erik Suppiger reiterated a Market Outperform rating with a price target of $32 on March 20. This analyst has an accuracy rate of 75%.
• Citigroup analyst Steven Enders maintained a Buy rating and raised the price target from $29 to $32 on March 6. This analyst has an accuracy rate of 61%.
• JP Morgan analyst Pinjalim Bora maintained an Overweight rating and increased the price target from $31 to $32 on March 6. This analyst has an accuracy rate of 63%.
• Raymond James analyst Brian Peterson maintained an Outperform rating and cut the price target from $33 to $30 on Dec. 6, 2023. This analyst has an accuracy rate of 70%.

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