Jamf (JAMF) Q4 Earnings Report Preview: What To Look For
Apple device management company, Jamf (NASDAQ:JAMF) will be announcing earnings results tomorrow after market close. Here's what to expect.
Last quarter Jamf reported revenues of $142.6 million, up 14.5% year on year, beating analyst revenue expectations by 1.8%. It was a mixed quarter for the company, with underwhelming revenue guidance for the next quarter. On the other hand, Jamf narrowly topped analysts' revenue expectations this quarter. Strong free cash flow also stood out as a positive in these results.
Is Jamf buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Jamf's revenue to grow 14% year on year to $148.5 million, slowing down from the 25.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 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%.
Looking at Jamf's peers in the automation software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. ServiceNow delivered top-line growth of 25.6% year on year, beating analyst estimates by 1.5% and Appian reported revenues up 15.5% year on year, exceeding estimates by 3.2%. ServiceNow traded up 1.1% on the results, Appian was down 6.4%.
Read our full analysis of ServiceNow's results here and Appian's results here.
Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the automation software stocks have fared somewhat better, they have not been spared, with share price declining 2.9% over the last month. Jamf is down 3.4% during the same time, and is heading into the earnings with analyst price target of $22.8, compared to share price of $19.6.
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