Earnings To Watch: Jamf (JAMF) Reports Q2 Results Tomorrow

Kayode Omotosho /
2022/08/03 4:20 am EDT

Apple device management company, Jamf (NASDAQ:JAMF) will be announcing earnings results tomorrow afternoon. Here's what investors should know.

Last quarter Jamf reported revenues of $108.2 million, up 33.3% year on year, beating analyst revenue expectations by 2.38%. It was a solid quarter for the company, with a strong top line growth, and revenue guidance for the next quarter above analysts' estimates.

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

This quarter analysts are expecting Jamf's revenue to grow 31.2% year on year to $113.1 million, slowing down from the 38.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.

Jamf 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 4.29%.

Looking at Jamf's peers in the software segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. ServiceNow delivered top-line growth of 24.3% year on year, missing analyst estimates by 0.62% and RingCentral reported revenues up 28.3% year on year, exceeding estimates by 1.01%. ServiceNow traded down 6.41% on the results, and RingCentral traded up 8.67%. Read our full analysis of ServiceNow's results here and RingCentral's results here.

Investors in the software segment have had steady hands going into the earnings, with the stocks down on average 0.79% over the last month. Jamf is down 9.34% during the same time, and is heading into the earnings with analyst price target of $34.3, compared to share price of $24.36.

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The author has no position in any of the stocks mentioned.