Application performance monitoring software provider Dynatrace (NYSE:DT) will be reporting earnings tomorrow before market hours. Here's what to look for.
Last quarter Dynatrace reported revenues of $351.7 million, up 25.9% year on year, beating analyst revenue expectations by 2.1%. It was a good quarter for the company, with a decent beat of analysts' revenue estimates.
Is Dynatrace buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Dynatrace's revenue to grow 20.3% year on year to $357.7 million, slowing down from the 23.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 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 2.6%.
Looking at Dynatrace's peers in the software development segment, only F5 has so far reported results, with revenues decreasing 1.1% year on year, and beating analyst estimates by 1.1%. The stock traded up 10.6% on the results.
Read the full analysis of F5's results on StockStory. There has been positive sentiment among investors in the software development segment, with the stocks up on average 4.1% over the last month. Dynatrace is up 10.6% during the same time, and is heading into the earnings with analyst price target of $62.1, compared to share price of $59.5.
The author has no position in any of the stocks mentioned.