Couchbase Earnings: What To Look For From BASE
Database as a service company Couchbase (NASDAQ: BASE) will be announcing earnings results tomorrow after the bell. Here's what you need to know.
Last quarter Couchbase reported revenues of $45.81 million, up 18.8% year on year, beating analyst revenue expectations by 6.5%. It was a very strong quarter for the company, with a solid beat of analysts' revenue estimates.
Is Couchbase buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Couchbase's revenue to grow 11.8% year on year to $46.55 million, slowing down from the 18.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 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 6%.
Looking at Couchbase's peers in the data storage segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Commvault Systems delivered top-line growth of 11.1% year on year, beating analyst estimates by 4.1% and DigitalOcean reported revenues up 11% year on year, exceeding estimates by 1.6%. Commvault Systems traded flat on the results, DigitalOcean was up 4.3%.
Read our full analysis of Commvault Systems's results here and DigitalOcean's results here.
There has been positive sentiment among investors in the data storage segment, with the stocks up on average 3.7% over the last month. Couchbase is up 5.5% during the same time, and is heading into the earnings with analyst price target of $25.8, compared to share price of $29.
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