What To Expect From Momentive’s (MNTV) Q2 Earnings

Radek Strnad /
2022/08/03 4:11 am EDT
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Online survey platform Momentive (NASDAQ:MNTV) will be announcing earnings results tomorrow after market hours. Here's what you need to know.

Last quarter Momentive reported revenues of $116.9 million, up 14.3% year on year, in line with analyst expectations. It was a slower quarter for the company, with an underwhelming revenue guidance for the next quarter. The company added 5,700 customers to a total of 894,400.

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 10.9% year on year to $121.3 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 $0.01 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 0.61%.

Looking at Momentive's peers in the sales and marketing software segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Qualtrics delivered top-line growth of 42.9% year on year, beating analyst estimates by 3.34% and Freshworks reported revenues up 37.4% year on year, exceeding estimates by 2.95%. Qualtrics traded down 5.24% on the results, and Freshworks traded down 3.01% on the results. Read our full analysis of Qualtrics's results here and Freshworks's results here.

Investors in the software segment have had steady hands going into the earnings, with the stocks down on average 0.8% over the last month. Momentive is down 10.4% during the same time, and is heading into the earnings with analyst price target of $19.1, compared to share price of $8.4.

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