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Appian (APPN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Appian (APPN - Free Report) reported $146.45 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.7%. EPS of -$0.26 for the same period compares to -$0.39 a year ago.
The reported revenue represents a surprise of +3.09% over the Zacks Consensus Estimate of $142.07 million. With the consensus EPS estimate being -$0.31, the EPS surprise was +16.13%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Appian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Professional services gross margin
: 21.9% versus the two-analyst average estimate of 24.3%.
Subscriptions gross margin
: 88.3% compared to the 88.9% average estimate based on two analysts.
Revenue- Professional services
: $33.48 million versus the two-analyst average estimate of $33.89 million. The reported number represents a year-over-year change of -1.3%.
Revenue- Subscriptions
: $112.97 million versus the two-analyst average estimate of $108.13 million. The reported number represents a year-over-year change of +20.5%.
Shares of Appian have returned +20% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Appian (APPN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Appian (APPN - Free Report) reported $146.45 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.7%. EPS of -$0.26 for the same period compares to -$0.39 a year ago.
The reported revenue represents a surprise of +3.09% over the Zacks Consensus Estimate of $142.07 million. With the consensus EPS estimate being -$0.31, the EPS surprise was +16.13%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Appian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Appian here>>>Professional services gross margin
: 21.9% versus the two-analyst average estimate of 24.3%.Subscriptions gross margin
: 88.3% compared to the 88.9% average estimate based on two analysts.Revenue- Professional services
: $33.48 million versus the two-analyst average estimate of $33.89 million. The reported number represents a year-over-year change of -1.3%.Revenue- Subscriptions
: $112.97 million versus the two-analyst average estimate of $108.13 million. The reported number represents a year-over-year change of +20.5%.Shares of Appian have returned +20% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.