UiPath, Inc. (PATH - Free Report) is scheduled to release second-quarter 2022 results on Sep 7, after market close.
Let’s check out the expectations in detail.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $185 million, indicating 0.5% decline, sequentially. The downside is likely to get partially offset by gains from numerous multi-year deals, strength across software robots and automation Center of Excellence that has created 300,000 hours of incremental capacity since 2019 with automations deployed enterprise wide.
Rising expenses are likely to have weighed on the company’ bottom line, the Zacks Consensus Estimate for which is projected at a loss of 6 cents. The company incurred a profit of 2 cents per share in the year-ago quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for UiPath this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
UiPath has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings:
ABM Industries (ABM - Free Report) has an Earnings ESP of +2.70% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Green Dot (GDOT - Free Report) has an Earnings ESP of +1.78% and a Zacks Rank #2.
Fiserv has an Earnings ESP of +1.55% and a Zacks Rank #2.
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Want to be tipped off early to our 10 top picks for the entirety of 2024?
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UiPath, Inc. (PATH - Free Report) is scheduled to release second-quarter 2022 results on Sep 7, after market close.
Let’s check out the expectations in detail.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $185 million, indicating 0.5% decline, sequentially. The downside is likely to get partially offset by gains from numerous multi-year deals, strength across software robots and automation Center of Excellence that has created 300,000 hours of incremental capacity since 2019 with automations deployed enterprise wide.
Rising expenses are likely to have weighed on the company’ bottom line, the Zacks Consensus Estimate for which is projected at a loss of 6 cents. The company incurred a profit of 2 cents per share in the year-ago quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for UiPath this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
UiPath has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings:
ABM Industries (ABM - Free Report) has an Earnings ESP of +2.70% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Green Dot (GDOT - Free Report) has an Earnings ESP of +1.78% and a Zacks Rank #2.
Fiserv has an Earnings ESP of +1.55% and a Zacks Rank #2.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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