Sprinklr (CXM) Reports Q4 Results Tomorrow
Customer experience management platform Sprinklr (NYSE:CXM) will be reporting results this Wednesday before market open. Here’s what you need to know.
Sprinklr beat analysts’ revenue expectations last quarter, reporting revenues of $219.1 million, up 9.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Is Sprinklr a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Sprinklr’s revenue to grow 7.1% year on year, improving from the 4.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sprinklr has a history of exceeding Wall Street’s expectations.
Looking at Sprinklr’s peers in the sales and marketing software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. PubMatic’s revenues decreased 6.4% year on year, beating analysts’ expectations by 6.2%, and AppLovin reported revenues up 65.9%, topping estimates by 2.2%. PubMatic traded up 14.6% following the results while AppLovin was down 19.7%.
Read our full analysis of PubMatic’s results here and AppLovin’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 2.3% on average over the last month. Sprinklr is up 1.4% during the same time and is heading into earnings with an average analyst price target of $10.38 (compared to the current share price of $5.88).
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