Apple device management company Jamf (NASDAQ: JAMF) will be reporting earnings this Monday afternoon. Here’s what you need to know.
Jamf beat analysts’ revenue expectations by 4.7% last quarter, reporting revenues of $176.5 million, up 15.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ annual recurring revenue estimates and a solid beat of analysts’ billings estimates.
Is Jamf a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Jamf’s revenue to grow 11.4% year on year to $177.4 million, in line with the 11.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.
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. Jamf has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.6% on average.
Looking at Jamf’s peers in the automation software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Pegasystems delivered year-on-year revenue growth 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 results while Microsoft was down 3.1%.
Read our full analysis of Pegasystems’s results here and Microsoft’s results here.
Investors in the automation software segment have had steady hands going into earnings, with share prices flat over the last month. Jamf is up 26.8% during the same time and is heading into earnings with an average analyst price target of $12.76 (compared to the current share price of $12.87).
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