Stock story –
Customer engagement software provider Braze (NASDAQ:) will report earnings tomorrow after market hours. This is what you can expect.
Braze beat analysts’ revenue expectations by 3% last quarter, reporting revenue of $145.5 million, up 26.4% year over year. It was a strong quarter for the company, with earnings per share expectations for the next quarter beating analysts’ expectations and solidly beating analysts’ EBITDA estimates. 61 customers were added, reaching a total of 2,163.
Will Braze make a sale or buy? Find out by reading the original article on StockStory, it’s free.
This quarter, analysts expect Braze’s revenue to grow 19.5% year over year to $148.2 million, a slowdown from the 33.1% increase recorded in the same quarter last year. The adjusted loss is expected to be -$0.01 per share.
Analysts covering the company have generally reaffirmed their estimates over the last thirty days, suggesting they expect the company to continue its trajectory on the earnings front. Braze has a history of exceeding Wall Street expectations, exceeding revenue expectations by an average of 3.9% each time over the past two years.
Looking at Braze’s peers in the sales and marketing software segment, some have already reported their third quarter results, giving us a hint of what to expect. Upland’s revenue fell 10% year-over-year, meeting analyst expectations, and Sprout Social (NASDAQ:) reported a 20% increase in revenue, beating estimates by 0.6%. Upland rose 15.9% after the results, while Sprout Social fell 13.8%.
Read the full analysis of Upland and Sprout Social’s results on StockStory.
There was positive sentiment among investors in the sales and marketing software segment, with share prices rising an average of 8.1% over the past month. Braze is up 18.1% over the same period and is heading for gains with an average price target of $51.72 (compared to the current share price of $42.19).
