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LiveRamp (RAMP) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Tue Aug 8, 2023

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Advertising data platform LiveRamp (NYSE:RAMP) will be announcing earnings results tomorrow after the bell. Here's what investors should know.

Last quarter LiveRamp reported revenues of $148.6 million, up 4.87% year on year, missing analyst expectations by 0.67%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next year and full-year revenue guidance missing analysts' expectations. The company added one enterprise customer paying more than $1m annually to a total of 95.

Is LiveRamp buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting LiveRamp's revenue to grow 3.34% year on year to $147 million, slowing down from the 19.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.

LiveRamp Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.06%.

With LiveRamp being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for sales and marketing software stocks, but investors in the segment have had steady hands going into the earnings, with the stocks up on average 1.54% over the last month. LiveRamp is up 5.88% during the same time, and is heading into the earnings with analyst price target of $32.7, compared to share price of $28.9.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.

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