Cloud contact center software provider Five9 (NASDAQ: FIVN) will be reporting results this Thursday after market close. Here’s what to look for.
Five9 beat analysts’ revenue expectations last quarter, reporting revenues of $305.3 million, up 9.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and full-year EPS guidance beating analysts’ expectations.
Is Five9 a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Five9’s revenue to grow 8.2% year on year, slowing from the 12.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Five9 has a history of exceeding Wall Street’s expectations.
Looking at Five9’s peers in the productivity software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. RingCentral delivered year-on-year revenue growth of 5.9%, beating analysts’ expectations by 1%, and 8x8 reported revenues up 4.9%, topping estimates by 4.3%. RingCentral traded up 25.1% following the results.
Read our full analysis of RingCentral’s results here and 8x8’s results here.
There has been positive sentiment among investors in the productivity software segment, with share prices up 9.6% on average over the last month. Five9 is up 23.9% during the same time and is heading into earnings with an average analyst price target of $27.95 (compared to the current share price of $29.86).
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