What To Expect From Amplitude’s (AMPL) Q3 Earnings

In This Article:

AMPL Cover Image
What To Expect From Amplitude’s (AMPL) Q3 Earnings

Data analytics software provider Amplitude (NASDAQ:AMPL) will be reporting results tomorrow afternoon. Here’s what to look for.

Amplitude beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $73.3 million, up 8.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ billings and EBITDA estimates. It added 254 customers to reach a total of 3,224.

Is Amplitude a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Amplitude’s revenue to grow 4.9% year on year to $74.12 million, slowing from the 14.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.

Amplitude Total Revenue
Amplitude Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amplitude has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.4% on average.

Looking at Amplitude’s peers in the data and analytics software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Palantir delivered year-on-year revenue growth of 30%, beating analysts’ expectations by 3.1%, and MicroStrategy reported a revenue decline of 10.3%, falling short of estimates by 4.4%. Palantir traded up 23.4% following the results while MicroStrategy was down 1.1%.

Read our full analysis of Palantir’s results here and MicroStrategy’s results here.

There has been positive sentiment among investors in the data and analytics software segment, with share prices up 7% on average over the last month. Amplitude is up 10.5% during the same time and is heading into earnings with an average analyst price target of $9.75 (compared to the current share price of $9.47).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.