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Jamf (JAMF) Q1 Earnings: What To Expect

StockStory - Tue May 7, 2:06AM CDT

JAMF Cover Image

Apple device management company, Jamf (NASDAQ:JAMF) will be announcing earnings results tomorrow after market hours. Here's what investors should know.

Jamf beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $150.6 million, up 15.6% year on year. It was a weak quarter for the company, with management forecasting growth to slow and underwhelming revenue guidance for the next quarter.

Is Jamf a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Jamf's revenue to grow 12.8% year on year to $149.2 million, slowing from the 22.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

Jamf Total Revenue

The majority of analysts covering the company have 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 1.7% on average.

Looking at Jamf's peers in the automation software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ServiceNow delivered year-on-year revenue growth of 24.2%, meeting analysts' expectations, and Appian reported revenues up 10.8%, in line with consensus estimates. ServiceNow traded down 4.1% following the results while Appian was also down 12.9%.

Read our full analysis of ServiceNow's results here and Appian's results here.

Investors in the automation software segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Jamf is up 14.4% during the same time and is heading into earnings with an average analyst price target of $23.4 (compared to the current share price of $20.87).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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