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Countdown to Appian (APPN) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Appian (APPN - Free Report) to post quarterly loss of $0.25 per share in its upcoming report, which indicates a year-over-year increase of 10.7%. Revenues are expected to be $140.41 million, up 11.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Appian metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- Subscriptions' stands at $107.96 million. The estimate points to a change of +15.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Professional services' should arrive at $32.48 million. The estimate indicates a change of -0.2% from the prior-year quarter.
Analysts forecast 'Revenue from Contracts with Customers- Maintenance and support' to reach $6.64 million. The estimate indicates a change of +7.2% from the prior-year quarter.
View all Key Company Metrics for Appian here>>>
Appian shares have witnessed a change of -1.3% in the past month, in contrast to the Zacks S&P 500 composite's +5.8% move. With a Zacks Rank #3 (Hold), APPN is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>