Database as a service company Couchbase (NASDAQ: BASE) will be reporting results tomorrow after market hours. Here’s what to expect.

Couchbase beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $51.59 million, up 19.6% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates.

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

This quarter, analysts are expecting Couchbase’s revenue to grow 10.8% year on year to $50.77 million, slowing from the 18.8% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 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. Couchbase has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5.2% on average.

Looking at Couchbase’s peers in the data storage segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Commvault Systems delivered year-on-year revenue growth of 16.1%, beating analysts’ expectations by 5.6%, and Snowflake reported revenues up 28.3%, topping estimates by 4.9%. Commvault Systems traded up 18.4% following the results while Snowflake was also up 32.7%.

Read our full analysis of Commvault Systems’s results here and Snowflake’s results here.

There has been positive sentiment among investors in the data storage segment, with share prices up 17% on average over the last month. Couchbase is up 37.2% during the same time and is heading into earnings with an average analyst price target of $23.43 (compared to the current share price of $21.86).

Today’s young investors likely haven’t 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.