What To Expect From WalkMe’s Q4 Earnings

Jabin Bastian /
2022/02/15 6:40 am EST
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User support software provider WalkMe (NASDAQ: WKME) will be reporting results tomorrow after the bell. Here's what you need to know.

Last quarter WalkMe reported revenues of $50.5 million, up 30.7% year on year, beating analyst revenue expectations by 2.53%. It was a decent quarter for the company, with a strong top line growth.

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

This quarter analysts are expecting WalkMe's revenue to grow 32.7% year on year to $51.6 million, improving on the 27.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.24 per share.

WalkMe Total Revenue

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 3.63%.

Looking at WalkMe's peers in the sales and marketing software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. HubSpot delivered top-line growth of 46.5% year on year, beating analyst estimates by 3.29% and Qualtrics reported revenues up 47.9% year on year, exceeding estimates by 6.18%. HubSpot traded up 1.97% on results, Qualtrics was up 5.97%. Read our full analysis of HubSpot'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 3.11% over the last month. WalkMe is down 1.7% during the same time, and is heading into the earnings with with analyst price target of $39.1, compared to share price of $16.3.

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.