Jamf Earnings: What To Look For From JAMF

Kayode Omotosho /
2022/02/28 6:47 am EST
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Apple device management company, Jamf (NASDAQ:JAMF) will be announcing earnings results tomorrow afternoon. Here's what to look for.

Last quarter Jamf reported revenues of $95.6 million, up 35.8% year on year, beating analyst revenue expectations by 2.01%. It was a mixed quarter for the company, with an exceptional revenue growth but a decline in gross margin.

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 $100.3 million, in line with the 34% 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 4.77%.

Looking at Jamf's peers in the automation 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.

There has been a stampede out of high valuation technology stocks and while some of the software stocks have fared somewhat better, they have not been spared, with share price declining 7.13% over the last month. Jamf is up 1.36% during the same time, and is heading into the earnings with analyst price target of $49, compared to share price of $33.51.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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