Customer experience management platform Sprinklr (NYSE: CXM) will be reporting results this Wednesday before market open. Here’s what to look for.
Sprinklr beat analysts’ revenue expectations last quarter, reporting revenues of $219.5 million, up 6.8% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates.
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 1.1% year on year, slowing from the 7.5% 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 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 Q2 results, giving us a hint as to what we can expect. PubMatic delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 13.7%, and Shopify reported revenues up 33.7%, topping estimates by 3.7%. PubMatic traded up 31.9% following the results while Shopify was also up 19.6%.
Read our full analysis of PubMatic’s results here and Shopify’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 14.7% on average over the last month. Sprinklr is up 26.2% during the same time and is heading into earnings with an average analyst price target of $7.88 (compared to the current share price of $8.23).
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