Automation software company UiPath (NYSE:PATH) will be reporting results tomorrow afternoon. Here’s what investors should know.
UiPath beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $354.7 million, up 8.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates.
Is UiPath a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting UiPath’s revenue to grow 4.9% year on year to $425.1 million, slowing from the 31.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UiPath has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.5% on average.
Looking at UiPath’s peers in the automation software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. SoundHound AI delivered year-on-year revenue growth of 101%, beating analysts’ expectations by 2.3%, and Microsoft reported revenues up 12.3%, topping estimates by 1.1%. SoundHound AI traded up 17.8% following the results while Microsoft was down 6.1%.
Read our full analysis of SoundHound AI’s results here and Microsoft’s results here.
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