UiPath (PATH) To Report Earnings Tomorrow: Here Is What To Expect

Automation software company UiPath will be announcing earnings results this Thursday after market close. Here’s what to look for. UiPath beat analysts’ revenue expectations by 7.4% last quarter, reporting revenues of $356.6 million, up 6.4% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates. Is UiPath a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting UiPath’s revenue to grow 9.9% year on year to $347.5 million, in line with the 10.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 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. UiPath has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.2% on average. Looking at UiPath’s peers in the automation software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. SoundHound AI delivered year-on-year revenue growth of 217%, beating analysts’ expectations by 31.2%, and ServiceNow reported revenues up 22.4%, topping estimates by 2.9%. SoundHound AI traded up 25.8% following the results while ServiceNow was also up 4.3%. Read our full analysis of SoundHound AI’s results here and ServiceNow’s results here.Investors in the automation software segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. UiPath is down 3.5% during the same time and is heading into earnings with an average analyst price target of $14.15 (compared to the current share price of $10.94).Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.