Jamf (JAMF) Q1 Earnings: What To Expect

Adam Hejl /
2022/05/09 7:42 am EDT
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Apple device management company, Jamf (NASDAQ:JAMF) will be reporting earnings tomorrow afternoon. Here's what to look for.

Last quarter Jamf reported revenues of $103.8 million, up 35.8% year on year, beating analyst revenue expectations by 3.37%. It was a solid quarter for the company, with a full year guidance beating analysts' expectations and an exceptional revenue growth.

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 30.3% year on year to $105.7 million, slowing down from the 34.4% 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

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing two upward and one downward revisions over the last thirty days. 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 4.57%.

Looking at Jamf's peers in the automation software segment, some of them have already reported Q1 earnings results, giving us a hint what we can expect. ServiceNow reported revenues up 26.6% year on year, exceeding estimates by 1.34%. ServiceNow traded up 4.4% on the results. Read our full analysis of ServiceNow's results here.

Tech stocks have had a rocky start in 2022 and software stocks have not been spared, with share price down on average 18.1% over the last month. Jamf is down 17.2% during the same time, and is heading into the earnings with analyst price target of $46.3, compared to share price of $27.35.

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.