Appian Earnings: What To Look For From APPN

Anthony Lee /
2024/02/14 2:01 am EST

Low code software development platform provider Appian (Nasdaq: APPN) will be announcing earnings results tomorrow before market hours. Here's what you need to know.

Last quarter Appian reported revenues of $137.1 million, up 16.3% year on year, beating analyst revenue expectations by 1.3%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter.

Is Appian buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Appian's revenue to grow 11.9% year on year to $140.7 million, slowing down from the 19.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.24 per share.

Appian Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 4.2%.

Looking at Appian's peers in the productivity software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. ServiceNow delivered top-line growth of 25.6% year on year, beating analyst estimates by 1.5% and 8x8 reported revenue decline of 1.8% year on year, missing analyst estimates by 1.3%. ServiceNow traded up 1.1% on the results, 8x8 was down 3%.

Read our full analysis of ServiceNow's results here and 8x8's results here.

There has been positive sentiment among investors in the productivity software segment, with the stocks up on average 3.6% over the last month. Appian is down 4.6% during the same time, and is heading into the earnings with analyst price target of $43.8, compared to share price of $31.5.

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