What To Expect From Alteryx’s (AYX) Q4 Earnings

Jabin Bastian /
2023/02/08 3:42 am EST

Data analytics and automation platform Alteryx will be reporting earnings tomorrow after market hours. Here's what investors should know.

Last quarter Alteryx reported revenues of $215.7 million, up 74.7% year on year, beating analyst revenue expectations by 12.3%. It was a very strong quarter for the company, with an impressive beat of analyst estimates and very optimistic guidance for the next quarter. The company added 44 customers to a total of 8,340.

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

This quarter analysts are expecting Alteryx's revenue to grow 60.7% year on year to $279.3 million, improving on the 8.27% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.

Alteryx 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 has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 7.56%.

Looking at Alteryx's peers in the data and analytics software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Commvault Systems's revenues decreased 3.61% year on year, missing analyst estimates by 4.28% and Confluent reported revenues up 40.6% year on year, exceeding estimates by 2.7%. Both companies (Commvault Systems  and Confluent) traded flat on the results. Read our full analysis of Commvault Systems's results here and Confluent's results here.

There has been positive sentiment among investors in the software segment, with the stocks up on average 25.5% over the last month. Alteryx is up 21.9% during the same time, and is heading into the earnings with analyst price target of $68.01, compared to share price of $58.51.

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.