Five9 (FIVN) Q1 Earnings: What To Expect By Stock Story

Name heart software program supplier Five9 (NASDAQ: NASDAQ:)
can be reporting outcomes tomorrow after market shut. Here is what buyers ought to know.

Five9 met analysts’ income expectations final quarter, reporting revenues of $239.1 million, up 14.7% yr on yr. It was an honest quarter for the corporate, with a stable beat of analysts’ billings estimates.

Is Five9 a purchase or promote going into earnings? Discover out by studying the unique article on StockStory, it is free.

This quarter, analysts predict Five9’s income to develop 9.9% yr on yr to $240.1 million, slowing from the 19.5% enhance it recorded in the identical quarter final yr. Adjusted earnings are anticipated to return in at $0.39 per share.

The vast majority of analysts protecting the corporate have reconfirmed their estimates over the past 30 days, suggesting they anticipate the enterprise to remain the course heading into earnings. Five9 has a historical past of exceeding Wall Avenue’s expectations, beating income estimates each single time over the previous two years by 3.4% on common.

Five9’s friends within the productiveness software program section, some have already reported their Q1 outcomes, giving us a touch as to what we will anticipate. Pegasystems (NASDAQ:) delivered year-on-year income development of 1.4%, lacking analysts’ expectations by 2.1%, and ServiceNow (NYSE:) reported revenues up 24.2%, according to consensus estimates. Pegasystems’s inventory value was unchanged after the resultswhile ServiceNow was down 4.1%.

Learn the complete evaluation of Pegasystems’s and ServiceNow’s outcomes on StockStory.

Valuation multiples for a lot of development shares haven’t but reverted to their early 2021 highs, however the market was optimistic on the finish of 2023 because of cooling inflation. The beginning of 2024 has been a distinct story as combined alerts have led to market volatility, and whereas a number of the productiveness software program shares have fared considerably higher, they haven’t been spared, with share costs down 4% on common over the past month. Five9 is down 5.4% throughout the identical time and is heading into earnings with a median analyst value goal of $84.4 (in comparison with the present share value of $57.56).