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Alteryx (AYX) to Report Q1 Earnings: What's in the Cards?
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Alteryx is set to report first-quarter 2020 results on May 6.
For the quarter, the company expects revenues between $105 million and $108 million. The Zacks Consensus Estimate for revenues currently stands at $105.8 million, which indicates growth of 39.1% from the year-ago quarter’s reported figure.
Its non-GAAP loss is anticipated between 7 cents and 11 cents per share. The consensus mark for loss has been steady over the past 30 days at 8 cents per share. Meanwhile, the company reported earnings of 4 cents per share in the year-ago quarter.
Notably, the company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average being 146.8%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Alteryx’s first-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.
Despite headwinds related to coronavirus outbreak, improved awareness of the company’s brand and solutions, particularly among Global 2000 clients, is expected to have aided customer base expansion in the to-be-reported quarter.
Notably, Alteryx ended the fourth quarter of 2019 with 6,087 customers, up 30% year over year. The company added 474 net new customers including 36 of the Global 2000 in the reported quarter.
Further, addition of innovative features to its solutions and ease of usage are expected to have strengthened customer base in the to-be-reported quarter.
Markedly, research firm Gartner in its 2020 Magic Quadrant for Data Science and Machine-Learning Platforms, placed Alteryx in the leader quadrant.
Key Q1 Development
During the quarter, Alteryx inked a five-year relationship deal with PwC U.S. and recognized PwC as a “Global Elite Partner”.
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.
Alteryx has an Earnings ESP of +16.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some other companies worth considering as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle:
Shopify (SHOP - Free Report) has an Earnings ESP of +23.41% and is #2 Ranked.
Etsy (ETSY - Free Report) has an Earnings ESP of +18.31% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Alteryx (AYX) to Report Q1 Earnings: What's in the Cards?
Alteryx is set to report first-quarter 2020 results on May 6.
For the quarter, the company expects revenues between $105 million and $108 million. The Zacks Consensus Estimate for revenues currently stands at $105.8 million, which indicates growth of 39.1% from the year-ago quarter’s reported figure.
Its non-GAAP loss is anticipated between 7 cents and 11 cents per share. The consensus mark for loss has been steady over the past 30 days at 8 cents per share. Meanwhile, the company reported earnings of 4 cents per share in the year-ago quarter.
Notably, the company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average being 146.8%.
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 first-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.
Despite headwinds related to coronavirus outbreak, improved awareness of the company’s brand and solutions, particularly among Global 2000 clients, is expected to have aided customer base expansion in the to-be-reported quarter.
Notably, Alteryx ended the fourth quarter of 2019 with 6,087 customers, up 30% year over year. The company added 474 net new customers including 36 of the Global 2000 in the reported quarter.
Further, addition of innovative features to its solutions and ease of usage are expected to have strengthened customer base in the to-be-reported quarter.
Markedly, research firm Gartner in its 2020 Magic Quadrant for Data Science and Machine-Learning Platforms, placed Alteryx in the leader quadrant.
Key Q1 Development
During the quarter, Alteryx inked a five-year relationship deal with PwC U.S. and recognized PwC as a “Global Elite Partner”.
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.
Alteryx has an Earnings ESP of +16.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some other companies worth considering as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle:
Wayfair (W - Free Report) has an Earnings ESP of +1.69% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shopify (SHOP - Free Report) has an Earnings ESP of +23.41% and is #2 Ranked.
Etsy (ETSY - Free Report) has an Earnings ESP of +18.31% and a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>