Slack Earnings Report: What to Expect

Slack reports earnings tomorrow for its most recent quarter. Here’s what to expect from the workplace chat company.

Sept. 7, 2020

Slack’s (NYSE: WORK) earnings report this week has come at an interesting time for the company. Pegged as one of the businesses to benefit from workers across the world being forced to now work from home, the workplace collaboration software company has lagged the other big names in the space like Zoom and DocuSign. Growth has failed to meet the incredibly high expectations of investors, with comparisons to Zoom’s astronomical figures not helping the matter. 

Tomorrow will see Slack report earnings for its second fiscal quarter of the year, here’s what to expect: 

  • Company Guidance: Revenue – $206-209 million, loss per share – $0.03-0.04.
  • Consensus estimates: Revenue – $209 million, loss per share – $0.03.
  • Q1 saw a record 12,000 new paid customers on the platform. The company will need to build on this momentum to appease investors and analysts alike.
  • Updates on some potential issues outlined in last quarter’s report, including churn from its smaller customers of less than 100 employees, as well as the impact the pandemic has had on its customers in the travel, service, and hospitality industries.
  • The topic of the anti-trust lawsuit it brought against Microsoft will likely be broached either by company execs or by analysts on the call.
  • After last quarter’s report, Slack stock fell 15%. Expect some volatility surrounding the stock tomorrow, especially considering the recent shift in investor sentiment towards tech valuations.

When is Slack’s earnings report?

After the bell, Tuesday 8 of September.


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