Earnings To Watch: Jamf (JAMF) Reports Q4 Results Tomorrow

Adam Hejl /
2023/02/27 4:58 am EST
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Apple device management company, Jamf (NASDAQ:JAMF) will be announcing earnings results tomorrow after the bell. Here's what to expect.

Last quarter Jamf reported revenues of $124.6 million, up 30.3% year on year, beating analyst revenue expectations by 2.16%. It was a mixed quarter for the company, with strong top line growth but underwhelming revenue guidance for the next quarter.

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 24.2% year on year to $128.9 million, slowing down from the 36.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 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 3.67%.

Looking at Jamf's peers in the automation software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Everbridge delivered top-line growth of 13.9% year on year, beating analyst estimates by 0.82% and ServiceNow reported revenues up 20.2% year on year, missing analyst estimates by 0.01%. Everbridge traded down 3.33% on the results, ServiceNow was down 4.34%. Read our full analysis of Everbridge's results here and ServiceNow's results here.

Investors in the software segment have had steady hands going into the earnings, with the stocks up on average 0.97% over the last month. Jamf is up 1.47% during the same time, and is heading into the earnings with with analyst price target of $27.9, compared to share price of $20.02.

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