User support software provider WalkMe (NASDAQ: WKME) will be reporting earnings tomorrow before the bell. Here's what to expect.
Last quarter WalkMe reported revenues of $63.4 million, up 25.2% year on year, in line with analyst expectations. It was a weaker quarter for the company, with revenue guidance for the next quarter and the full year missing analysts' expectations.
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 20.2% year on year to $64 million, slowing down from the 36.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 per share.
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 has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 2.03%.
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 of what we can expect. LiveRamp delivered top-line growth of 12.8% year on year, beating analyst estimates by 0.55% and Freshworks reported revenues up 26.3% year on year, exceeding estimates by 2.18%. LiveRamp traded up 4.99% on the results, Freshworks was down 3.6%. Read our full analysis of LiveRamp's results here and Freshworks's results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 12.3% over the last month. WalkMe is up 19.5% during the same time, and is heading into the earnings with analyst price target of $13.2, compared to share price of $11.11.
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The author has no position in any of the stocks mentioned.