Dynatrace (DT) To Report Earnings Tomorrow: Here Is What To Expect

StockStory
29 Jan
Dynatrace (DT) To Report Earnings Tomorrow: Here Is What To Expect

Application performance monitoring software provider Dynatrace (NYSE:DT) will be announcing earnings results tomorrow before the bell. Here’s what you need to know.

Dynatrace beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $418.1 million, up 18.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations.

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

This quarter, analysts are expecting Dynatrace’s revenue to grow 16.8% year on year to $426.4 million, slowing from the 22.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 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. Dynatrace has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Dynatrace’s peers in the software development segment, only F5 has reported results so far. It beat analysts’ revenue estimates by 7.2%, delivering year-on-year sales growth of 10.7%.

Read our full analysis of F5’s earnings results here.

There has been positive sentiment among investors in the software development segment, with share prices up 8.8% on average over the last month. Dynatrace is up 5.6% during the same time and is heading into earnings with an average analyst price target of $62.10 (compared to the current share price of $57.38).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10