Apple gadget administration firm Jamf (NASDAQ:JAMF) can be reporting earnings this Monday afternoon. Right here’s what you could know.
Jamf beat analysts’ income expectations by 4.7% final quarter, reporting revenues of $176.5 million, up 15.3% 12 months on 12 months. It was a really sturdy quarter for the corporate, with a formidable beat of analysts’ annual recurring income estimates and a stable beat of analysts’ billings estimates.
Is Jamf a purchase or promote going into earnings? Learn our full evaluation right here, it’s free for lively Edge members.
This quarter, analysts expect Jamf’s income to develop 11.4% 12 months on 12 months to $177.4 million, in step with the 11.7% improve it recorded in the identical quarter final 12 months. Adjusted earnings are anticipated to return in at $0.23 per share.
Analysts overlaying the corporate have usually reconfirmed their estimates over the past 30 days, suggesting they anticipate the enterprise to remain the course heading into earnings. Jamf has a historical past of exceeding Wall Avenue’s expectations, beating income estimates each single time over the previous two years by 1.6% on common.
Jamf’s friends within the automation software program section, some have already reported their Q3 outcomes, giving us a touch as to what we will anticipate. Pegasystems delivered year-on-year income development of 17.3%, beating analysts’ expectations by 8.5%, and Microsoft reported revenues up 18.4%, topping estimates by 2.9%. Pegasystems traded up 15% following the outcomes whereas Microsoft was down 3.1%.
Learn our full evaluation of Pegasystems’s outcomes right here and Microsoft’s outcomes right here.
Buyers within the automation software program section have had regular palms going into earnings, with share costs flat over the past month. Jamf is up 26.8% throughout the identical time and is heading into earnings with a mean analyst value goal of $12.76 (in comparison with the present share value of $12.87).
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