SailPoint Inc. (SAIL) is about to show its cards. The identity security company will release third-quarter earnings results before Tuesday's opening bell, and analysts are circling with fresh forecasts.
Wall Street expects the Austin, Texas-based firm to post earnings of 6 cents per share on revenue of $270.33 million for the quarter. Those estimates come from consensus data, and they set the bar for what investors should watch when the numbers hit.
Context matters here. Back on September 9, SailPoint delivered second-quarter results that topped expectations, which sounds great until you get to the part where management issued third-quarter sales guidance that came in below what analysts were hoping for. That kind of mixed signal tends to make people nervous.
The stock itself closed Friday at $20.24, gaining 2% for the session. Not a massive move, but it shows investors positioning ahead of the earnings release.
What the Most Accurate Analysts Are Saying
Let's look at how Wall Street's sharpest forecasters have been adjusting their views on SailPoint heading into this report.
Barclays analyst Saket Kalia, who carries a 75% accuracy rate, maintained an Overweight rating on December 4 but trimmed the price target from $25 down to $23. That's not a vote of no confidence, but it's not exactly bullish enthusiasm either.
Mizuho analyst Gregg Moskowitz, working with a 68% accuracy rate, kept a Neutral rating on November 17 and cut the price target from $25 to $24. Another small downward adjustment, continuing the theme.
On the more optimistic side, Baird analyst Shrenik Kothari initiated coverage on October 27 with an Outperform rating and a $26 price target. This analyst has a 70% accuracy rate and clearly sees more upside than some peers.
Wells Fargo analyst Andrew Nowinski maintained an Equal-Weight rating on September 30 but actually raised the price target from $20 to $23. That's a 68% accuracy rate analyst seeing improving prospects, at least from a valuation perspective.
Finally, BTIG analyst Gray Powell stuck with a Buy rating and a $29 price target on September 30, carrying a 74% accuracy rate. That $29 target represents the highest among this group and suggests Powell sees meaningful upside from current levels.
The range of opinion here runs from neutral caution to genuine optimism, with price targets spanning from $23 to $29. That spread tells you analysts aren't entirely aligned on where SailPoint is headed next, which makes Tuesday's earnings report all the more interesting to watch.