Amplitude (NASDAQ:AMPL – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.000-0.010 for the period, compared to the consensus EPS estimate of 0.050. The company issued revenue guidance of $76.0 million-$77.0 million, compared to the consensus revenue estimate of $75.7 million. Amplitude also updated its FY 2024 guidance to 0.040-0.060 EPS.
Wall Street Analyst Weigh In
AMPL has been the subject of a number of research reports. UBS Group dropped their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Piper Sandler raised their price target on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday. Robert W. Baird upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Scotiabank increased their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, Amplitude currently has an average rating of “Hold” and a consensus target price of $11.00.
View Our Latest Research Report on AMPL
Amplitude Price Performance
Amplitude (NASDAQ:AMPL – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. On average, sell-side analysts forecast that Amplitude will post -0.65 earnings per share for the current year.
About Amplitude
Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.
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