Yahoo Finance LiveRamp (RAMP) Reports Q1: Everything You Need To Know Ahead Of Earnings
Advertising data platform LiveRamp (NYSE:RAMP) will be reporting earnings tomorrow afternoon. Here's what to look for.
LiveRamp beat analysts' revenue expectations by 1.2% last quarter, reporting revenues of $173.9 million, up 9.6% year on year. It was a solid quarter for the company, with accelerating customer growth and full-year revenue guidance topping analysts' expectations. It added 6 enterprise customers paying more than $1m annually to reach a total of 105.
Is LiveRamp a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting LiveRamp's revenue to grow 8.1% year on year to $160.6 million, improving from the 4.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. LiveRamp has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.2% on average.
Looking at LiveRamp's peers in the advertising software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Zeta delivered year-on-year revenue growth of 23.7%, beating analysts' expectations by 4.2%, and PubMatic reported revenues up 20.4%, topping estimates by 7.3%. Zeta traded up 18.4% following the results while PubMatic was down 6.1%.
Read our full analysis of Zeta's results here and PubMatic's results here.
There has been positive sentiment among investors in the advertising software segment, with share prices up 6.5% on average over the last month. LiveRamp is up 5.6% during the same time and is heading into earnings with an average analyst price target of $47.8 (compared to the current share price of $34.22).
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