Data analytics software provider Amplitude (NASDAQ:AMPL) will be reporting earnings tomorrow after market close. Here's what investors should know.
Last quarter Amplitude reported revenues of $45.4 million, up 72.4% year on year, beating analyst revenue expectations by 4.36%. It was a very strong quarter for the company, with an exceptional revenue growth and a very optimistic guidance for the next quarter. The company added 137 customers to a total of 1,417.
Is Amplitude buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Amplitude's revenue to grow 66.3% year on year to $46.9 million, Loss is expected to come in at -$0.08 per share.
The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time since going public on average by 4.36%.
Looking at Amplitude's peers in the data and analytics software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Commvault Systems (NASDAQ:CVLT) delivered top-line growth of 7.65% year on year, beating analyst estimates by 3.91% and Confluent (NASDAQ:CFLT) reported revenues up 70.5% year on year, exceeding estimates by 9.22%. Commvault Systems traded down 1.15% on results, Confluent was down 21.8%. Read our full analysis of Commvault Systems's results here and Confluent's results here.
There has been finally some positive sentiment among investors in the software segment, with the stocks up on average 3.06% over the last month. Amplitude is up 17.3% during the same time, and is heading into the earnings with analyst price target of $78.5, compared to share price of $47.
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The author has no position in any of the stocks mentioned.