Momentive (MNTV) Reports Q3: Everything You Need To Know Ahead Of Earnings

Adam Hejl /
2022/11/02 3:43 am EDT

Online survey platform Momentive (NASDAQ:MNTV) will be announcing earnings results tomorrow after the bell. Here's what to expect.

Last quarter Momentive reported revenues of $120.1 million, up 9.84% year on year, missing analyst expectations by 1.01%. It was a weak quarter for the company, with guidance for both the next quarter and full year missing analysts' expectations. The company added 15,300 customers to a total of 909,700.

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

This quarter analysts are expecting Momentive's revenue to grow 5.46% year on year to $121 million, slowing down from the 20.2% 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.

Momentive 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 missed Wall St's revenue estimates twice over the last two years.

Looking at Momentive's peers in the sales and marketing software segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. UserTesting delivered top-line growth of 27.8% year on year, beating analyst estimates by 2.91% and Qualtrics reported revenues up 38.9% year on year, exceeding estimates by 5.29%. UserTesting traded up 92.7% on acquisition announcement at $7.5 per share, and Qualtrics was up 10.1% on the results. Read our full analysis of UserTesting's results here and Qualtrics's results here.

There has been positive sentiment among investors in the software segment, with the stocks up on average 2.98% over the last month. Momentive is up 41.2% during the same time, and is heading into the earnings with analyst price target of $12.80, compared to share price of $8.25.

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