LiveRamp (RAMP) To Report Earnings Tomorrow: Here Is What To Expect

Radek Strnad /
2023/05/23 4:28 am EDT

Advertising data platform LiveRamp (NYSE:RAMP) will be announcing earnings results tomorrow after the bell. Here's what you need to know.

Last quarter LiveRamp reported revenues of $158.6 million, up 12.8% year on year, in line with analyst expectations. It was a weak quarter for the company, with a decline in net revenue retention rate and decelerating customer growth. The company added 2 enterprise customers paying more than $1m annually to a total of 94.

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

This quarter analysts are expecting LiveRamp's revenue to grow 5.58% year on year to $149.6 million, slowing down from the 18.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

LiveRamp 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 2.47%.

Looking at LiveRamp'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. DoubleVerify delivered top-line growth of 26.7% year on year, beating analyst estimates by 3.78% and AppLovin reported revenues up 14.4% year on year, exceeding estimates by 3.08%. DoubleVerify traded up 5.92% on the results, AppLovin was up 9.78%. Read our full analysis of DoubleVerify's results here and AppLovin's results here.

There has been positive sentiment among investors in the sales and marketing software segment, with the stocks up on average 6.38% over the last month. LiveRamp is up 17.9% during the same time, and is heading into the earnings with analyst price target of $34, compared to share price of $27.13.

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