What To Expect From Momentive’s (MNTV) Q1 Earnings

Radek Strnad /
2022/05/03 8:11 am EDT

Online survey platform Momentive (NASDAQ:MNTV) will be reporting results tomorrow after market close. Here's what you need to know.

Last quarter Momentive reported revenues of $117.3 million, up 16.2% year on year, missing analyst expectations by 2.67%. It was a weak quarter for the company, with a miss of the top line analyst estimates and decelerating customer growth. The company added 5,600 customers to a total of 888,700.

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 13.4% year on year to $116 million, slowing down from the 15.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 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 only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 0.92%.

Looking at Momentive's peers in the sales and marketing software segment, some of them have already reported Q1 earnings results, giving us a hint what we can expect. Qualtrics delivered top-line growth of 40.6% year on year, beating analyst estimates by 3.06% and Zendesk reported revenues up 30.2% year on year, exceeding estimates by 0.96%. Qualtrics traded up 4.3% on the results, Zendesk was flat on the results. Read our full analysis of Qualtrics's results here and Zendesk's results here.

Technology stocks have been hit hard on fears of higher interest rates and software stocks have not been spared, with share price down on average 17% over the last month. Momentive is down 11.2% during the same time, and is heading into the earnings with analyst price target of $20.5, compared to share price of $15.55.

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.