Critical event management software company Everbridge (NASDAQ:EVBG) will be announcing earnings results tomorrow afternoon. Here's what you need to know.
Last quarter Everbridge reported revenues of $96.7 million, up 35.7% year on year, beating analyst revenue expectations by 2.61%. It was a mixed quarter for the company, with an exceptional revenue growth but decelerating customer growth. The company added 120 customers to a total of 6,010.
Is Everbridge buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Everbridge's revenue to grow 35% year on year to $102.1 million, in line with the 32.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.
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 3.82%.
Looking at Everbridge's peers in the productivity software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. ServiceNow (NYSE:NOW) delivered top-line growth of 29% year on year, beating analyst estimates by 0.6% and Appian (NASDAQ:APPN) reported revenues up 28.6% year on year, exceeding estimates by 10.1%. ServiceNow traded up 9.6% on the results, Appian was up 12.9%. Read our full analysis of ServiceNow's results here and Appian's results here.
It seems that the volatility in the software stocks has somewhat calmed down for now, with stocks down on average 1.85% over the last month. Everbridge is down 7.71% during the same time, and is heading into the earnings with analyst price target of $177.3, compared to share price of $43.93.
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The author has no position in any of the stocks mentioned.