Box, Inc. (BOX) is getting ready to pull back the curtain on its third-quarter performance when it reports earnings after the closing bell on Tuesday, December 2nd. The Redwood City, California-based company finds itself in an interesting position: analysts expect revenue growth but a notable drop in earnings per share.
Wall Street's consensus estimate sits at 31 cents per share for the quarter, which represents a decline from the 45 cents per share Box delivered in the same period last year. On the revenue side, things look brighter. Analysts are projecting $298.93 million in quarterly revenue, up from $275.91 million a year earlier.
The company isn't heading into this earnings report empty-handed. Back on August 26th, Box reported second-quarter results that beat expectations and subsequently raised its full-year fiscal 2026 guidance for both earnings per share and sales. That's typically the kind of news investors like to hear.
Yet the market wasn't particularly generous on Monday, with Box shares slipping 0.6% to close at $29.36 ahead of the earnings announcement.
So what are the analysts who've proven most accurate in their predictions saying about Box? Let's break down the recent ratings from Wall Street's top performers:
Raymond James analyst Brian Peterson, who boasts a 68% accuracy rate, maintained an Outperform rating with a $42 price target on August 27th. That's the bullish end of the spectrum among recent analyst calls.
Citigroup's Steven Enders, working with a 67% accuracy rate, kept his Buy rating while bumping the price target from $39 to $40 on the same date.
Morgan Stanley analyst Josh Baer took a more neutral stance, maintaining an Equal-Weight rating but raising his price target from $35 to $38 back on May 28th. His accuracy rate stands at 62%.
UBS analyst Rich Hilliker, with a 58% accuracy rate, stayed positive with a Buy rating and increased his price target from $40 to $42 on August 27th.
Not everyone's equally enthusiastic, though. RBC Capital analyst Rishi Jaluria maintained an Underperform rating while boosting the price target from $24 to $26. His accuracy rate is 53%.
The range of price targets—from $26 to $42—gives you a sense of the diverging views on where Box might be headed. Tuesday's earnings report should provide some clarity on which analysts are reading the situation correctly.
