Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

What To Expect From Amplitude’s (AMPL) Q4 Earnings

Published 02/19/2024, 02:01 AM
Updated 02/19/2024, 07:01 AM
What To Expect From Amplitude’s (AMPL) Q4 Earnings
AMPLI
-

Data analytics software provider Amplitude (NASDAQ:AMPL) will be reporting earnings tomorrow after the bell. Here's what to expect.

Last quarter Amplitude reported revenues of $70.64 million, up 14.6% year on year, in line with analyst expectations. It was a mixed quarter for the company, with revenue guidance for the next quarter topping analysts' expectations. On the other hand, its net revenue retention declined and its customer growth decelerated slightly. The company added 127 customers to a total of 2,471.

Is Amplitude buy or sell heading into the earnings? Find out by reading the original article on StockStory.

This quarter analysts are expecting Amplitude's revenue to grow 9.6% year on year to $71.51 million, slowing down from the 32% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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 3%.

Looking at Amplitude'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. Palantir (NYSE:PLTR) delivered top-line growth of 19.6% year on year, beating analyst estimates by 0.9% and Confluent reported revenues up 26.4% year on year, exceeding estimates by 3.7%. Palantir traded up 11.7% on the results, and Confluent was up 13.7%.

Read the full analysis of Palantir's and Confluent's results on StockStory.

There has been positive sentiment among investors in the data and analytics software segment, with the stocks up on average 2.9% over the last month. Amplitude is up 6% during the same time, and is heading into the earnings with analyst price target of $12.9, compared to share price of $13.6.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.