Critical event management software company Everbridge (NASDAQ:EVBG) will be announcing earnings results tomorrow after the bell. Here's what to expect.
Last quarter Everbridge reported revenues of $110.6 million, up 7.4% year on year, in line with analyst expectations. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and underwhelming revenue guidance for the next quarter.
Is Everbridge buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Everbridge's revenue to grow 2% year on year to $113.7 million, slowing down from the 15.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 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 1.2%.
Looking at Everbridge's peers in the automation software segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Pegasystems (NASDAQ:PEGA) delivered top-line growth of 23.6% year on year, beating analyst estimates by 12.8%, and ServiceNow (NYSE:NOW) reported revenues up 25% year on year, exceeding estimates by 0.7%. Pegasystems traded up 1.2% on the results, ServiceNow was up 5.9%.
Read the full analysis of Pegasystems's and ServiceNow's results on StockStory.
The technology sell-off has been putting pressure on stocks, and while some of the automation software stocks have fared somewhat better, they have not been spared, with share price declining 3% over the last month. Everbridge is down 4.4% during the same time, and is heading into the earnings with analyst price target of $27.6, compared to share price of $21.4.
The author has no position in any of the stocks mentioned.
