Customer experience management platform Sprinklr (NYSE: CXM) will be reporting earnings this Wednesday before market open. Here’s what you need to know.
Sprinklr beat analysts’ revenue expectations last quarter, reporting revenues of $220.6 million, up 8.9% year on year. It was a slower quarter for the company, with full-year guidance of slowing revenue growth and full-year revenue guidance slightly missing 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 5.1% year on year, in line with the 4.9% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q1 results, giving us a hint as to what we can expect. PubMatic’s revenues decreased 2% year on year, beating analysts’ expectations by 4.4%, and Zeta Global reported revenues up 49.9%, topping estimates by 7%. PubMatic traded up 4.9% following the results while Zeta Global’s stock price was unchanged.
Read our full analysis of PubMatic’s results here and Zeta Global’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 16.4% on average over the last month. Sprinklr is up 11.2% during the same time and is heading into earnings with an average analyst price target of $8.47 (compared to the current share price of $5.99).
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