Data analytics software provider Amplitude (NASDAQ:AMPL) will be announcing earnings results tomorrow after market hours. Here’s what to expect.
Amplitude beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $78.13 million, up 9.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year guidance of accelerating revenue growth. It added 24 enterprise customers paying more than $100,000 annually to reach a total of 591.
Is Amplitude a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Amplitude’s revenue to grow 9.7% year on year to $79.7 million, in line with the 9.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amplitude has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.
Looking at Amplitude’s peers in the data and analytics software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Palantir delivered year-on-year revenue growth of 39.3%, beating analysts’ expectations by 2.5%, and Commvault Systems reported revenues up 23.2%, topping estimates by 4.8%. Commvault Systems’s stock price was unchanged following the results.
Read our full analysis of Palantir’s results here and Commvault Systems’s results here.
There has been positive sentiment among investors in the data and analytics software segment, with share prices up 13.8% on average over the last month. Amplitude is up 8.4% during the same time and is heading into earnings with an average analyst price target of $13.20 (compared to the current share price of $9.69).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.