Appian (APPN) Reports Q1 Loss, Tops Revenue Estimates

Company Performance - Appian reported a quarterly loss of $0.24 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.15, but an improvement from a loss of $0.27 per share a year ago [1] - The quarterly report showed an earnings surprise of -60%, while the previous quarter had a positive surprise of 124% with an actual earnings of $0.06 against an expected loss of $0.25 [1] - Appian's revenues for the quarter were $149.84 million, exceeding the Zacks Consensus Estimate by 0.22% and up from $135.24 million year-over-year [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.29 on revenues of $145.07 million, and for the current fiscal year, it is -$0.69 on revenues of $615.54 million [4] - The estimate revisions trend for Appian is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Internet - Software industry, to which Appian belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Palo Alto Networks, another company in the same industry, is expected to report quarterly earnings of $1.25 per share, reflecting a year-over-year increase of 13.6%, with revenues projected at $1.97 billion, up 14.3% from the previous year [5]