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Alteryx (AYX) to Report Q4 Earnings: What's in the Cards?
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Alteryx is set to report fourth-quarter 2020 results on Feb 9.
For the quarter, the company expects revenues between $146 million and $150 million. The Zacks Consensus Estimate for revenues currently stands at $149.4 million, which suggests decline of 4.5% from the year-ago quarter’s reported figure.
Alteryx expects non-GAAP earnings between 27 cents and 31 cents per share. The consensus mark for earnings stands at 29 cents per share, unchanged over the past 30 days, suggesting a decline of 55% from the figure reported in the year-ago quarter.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the same in the remaining one, the average surprise being 108.8%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Alteryx’s fourth-quarter results are expected to reflect the impact of an expanding clientele, driven by increasing demand for a self-service data science and analytics platform.
Notably, Alteryx ended the third quarter of 2020 with 6,955 customers, up 24% year over year. The company added 241 net new customers in the previous quarter.
Moreover, despite disruptions caused by the coronavirus outbreak, improved awareness of the company’s brands and solutions, particularly among Global 2000 clients, is expected to have aided customer-base expansion in the to-be-reported quarter.
Moreover, Alteryx continued to strengthen its product portfolio with the launch of new solutions like Alteryx Analytics Hub and Alteryx Intelligence Suite, solutions that extend the functionality of its Analytic Process Automation platform.
Additionally, the new Alteryx Multi-threaded Processing engine or AMP, allows customers to execute workflow simultaneously, resulting in processing efficiency on larger data sets with complex analytical processes. The new solution is expected to have attracted new customers, thereby driving the top line in the to-be-reported quarter.
Additionally, an expanding partner base has been a key catalyst. During the to-be-reported quarter, Aletryx entered into a partnership with Adobe to provide marketers access to new analytics and data science solutions through Adobe Exchange.
Further, improved customer spending trends are expected to have benefited top-line growth in the to-be-reported quarter.
Nevertheless, contraction in contract duration of subscription agreements is expected to have continued in the fourth-quarter, negatively impacting top-line growth. Moreover, churn rate is expected to have remained elevated in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, 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.
Alteryx has an Earnings ESP of +4.37% but a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Vishay Intertechnology (VSH - Free Report) has an Earnings ESP of +3.93% and is #2 Ranked.
Marvell Technology (MRVL - Free Report) has an Earnings ESP of +4.76% and is Zacks #2 Ranked.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favoritestock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Alteryx (AYX) to Report Q4 Earnings: What's in the Cards?
Alteryx is set to report fourth-quarter 2020 results on Feb 9.
For the quarter, the company expects revenues between $146 million and $150 million. The Zacks Consensus Estimate for revenues currently stands at $149.4 million, which suggests decline of 4.5% from the year-ago quarter’s reported figure.
Alteryx expects non-GAAP earnings between 27 cents and 31 cents per share. The consensus mark for earnings stands at 29 cents per share, unchanged over the past 30 days, suggesting a decline of 55% from the figure reported in the year-ago quarter.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the same in the remaining one, the average surprise being 108.8%.
Alteryx, Inc. Price and EPS Surprise
Alteryx, Inc. price-eps-surprise | Alteryx, Inc. Quote
Let’s see how things are shaping up for this announcement.
Factors to Consider
Alteryx’s fourth-quarter results are expected to reflect the impact of an expanding clientele, driven by increasing demand for a self-service data science and analytics platform.
Notably, Alteryx ended the third quarter of 2020 with 6,955 customers, up 24% year over year. The company added 241 net new customers in the previous quarter.
Moreover, despite disruptions caused by the coronavirus outbreak, improved awareness of the company’s brands and solutions, particularly among Global 2000 clients, is expected to have aided customer-base expansion in the to-be-reported quarter.
Moreover, Alteryx continued to strengthen its product portfolio with the launch of new solutions like Alteryx Analytics Hub and Alteryx Intelligence Suite, solutions that extend the functionality of its Analytic Process Automation platform.
Additionally, the new Alteryx Multi-threaded Processing engine or AMP, allows customers to execute workflow simultaneously, resulting in processing efficiency on larger data sets with complex analytical processes. The new solution is expected to have attracted new customers, thereby driving the top line in the to-be-reported quarter.
Additionally, an expanding partner base has been a key catalyst. During the to-be-reported quarter, Aletryx entered into a partnership with Adobe to provide marketers access to new analytics and data science solutions through Adobe Exchange.
Further, improved customer spending trends are expected to have benefited top-line growth in the to-be-reported quarter.
Nevertheless, contraction in contract duration of subscription agreements is expected to have continued in the fourth-quarter, negatively impacting top-line growth. Moreover, churn rate is expected to have remained elevated in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, 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.
Alteryx has an Earnings ESP of +4.37% but a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
CDW Corporation (CDW - Free Report) has an Earnings ESP of +6.74% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vishay Intertechnology (VSH - Free Report) has an Earnings ESP of +3.93% and is #2 Ranked.
Marvell Technology (MRVL - Free Report) has an Earnings ESP of +4.76% and is Zacks #2 Ranked.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favoritestock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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