LiveRamp Reports Earnings Tomorrow. What To Expect

Jabin Bastian /
2022/02/08 6:41 am EST
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Advertising data platform LiveRamp (NYSE:RAMP) will be reporting earnings tomorrow afternoon. Here's what to look for.

Last quarter LiveRamp reported revenues of $127.2 million, up 21.6% year on year, beating analyst revenue expectations by 2.56%. It was a weaker quarter for the company, with decelerating customer growth and an underwhelming revenue guidance for the next quarter.

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 16.9% year on year to $140 million, in line with the 17.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Earnings are expected to come in at $0.13 per share.

LiveRamp Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing 3 upward and 4 downward revisions over the last thirty days. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 4.89%.

Looking at LiveRamp's peers in the sales and marketing software segment, only Qualtrics has so far reported results, delivering top-line growth of 47.9% year on year, and beating analyst estimates by 6.18%. The stock traded up 5.97% on the results. Read our full analysis of Qualtrics's earnings results here.

Tech stocks have had a rocky start in 2022 and while some of the software stocks have fared somewhat better, they have not been spared, with share price declining 6.44% over the last month. LiveRamp is down 4.87% during the same time, and is heading into the earnings with analyst price target of $74.3, compared to share price of $43.94.

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.