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Alteryx, Inc. (AYX) Surpasses Q4 Earnings and Revenue Estimates
AYXAlteryx(AYX) Zacks Investment Research·2024-02-07 00:26

Earnings Performance - Alteryx, Inc reported quarterly earnings of 170pershare,beatingtheZacksConsensusEstimateof1 70 per share, beating the Zacks Consensus Estimate of 1 15 per share, representing a 47 83% earnings surprise [1] - The company's earnings per share (EPS) increased significantly from 084pershareayearago[1]−Overthelastfourquarters,thecompanyhassurpassedconsensusEPSestimatesfourtimes[1]RevenuePerformance−Alteryx,Incpostedrevenuesof0 84 per share a year ago [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [1] Revenue Performance - Alteryx, Inc posted revenues of 351 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 3 95% [1] - This represents an increase from year-ago revenues of 30108million[1]−Thecompanyhastoppedconsensusrevenueestimatesthreetimesoverthelastfourquarters[1]StockPerformanceandMarketComparison−Alteryx,Incshareshaveaddedabout08301 08 million [1] - The company has topped consensus revenue estimates three times over the last four quarters [1] Stock Performance and Market Comparison - Alteryx, Inc shares have added about 0 8% since the beginning of the year, underperforming the S&P 500's gain of 3 6% [2] - The stock's immediate price movement will depend on management's commentary on the earnings call [2] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate for the coming quarter is -0 11 on 21928millioninrevenues[4]−Forthecurrentfiscalyear,theconsensusEPSestimateis219 28 million in revenues [4] - For the current fiscal year, the consensus EPS estimate is 1 18 on 107billioninrevenues[4]−TheestimaterevisionstrendforAlteryx,Incisfavorable,translatingintoaZacksRank2(Buy)[3]IndustryPerformance−TheInternet−Softwareindustry,towhichAlteryx,Incbelongs,iscurrentlyinthetop371 07 billion in revenues [4] - The estimate revisions trend for Alteryx, Inc is favorable, translating into a Zacks Rank 2 (Buy) [3] Industry Performance - The Internet - Software industry, to which Alteryx, Inc belongs, is currently in the top 37% of the 250 plus Zacks industries [4] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [4] Peer Comparison - Couchbase, Inc, another stock in the same industry, is expected to post a quarterly loss of 0 18 per share, with no change from the year-ago quarter [5] - Couchbase, Inc's revenues are expected to be $46 56 million, up 11 9% from the year-ago quarter [5]