In its upcoming report, Jamf Holding (JAMF) is predicted by Wall Street analysts to post quarterly earnings of $0.22 per share, reflecting an increase of 37.5% compared to the same period last year. Revenues are forecasted to be $177.23 million, representing a year-over-year increase of 11.3%.
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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Jamf Holding metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenue- Non-subscription revenue- Professional services' will reach $2.58 million. The estimate indicates a year-over-year change of -19.2%.
According to the collective judgment of analysts, 'Revenue- Subscription revenue' should come in at $174.74 million. The estimate suggests a change of +12% year over year.
The combined assessment of analysts suggests that 'Revenue- Non-subscription revenue' will likely reach $2.59 million. The estimate indicates a change of -19.5% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Subscription revenue- On-premise subscription' will reach $5.82 million. The estimate points to a change of +26.9% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Subscription revenue- SaaS subscription and support and maintenance' reaching $169.57 million. The estimate points to a change of +11.9% from the year-ago quarter.
The consensus estimate for 'Annual Recurring Revenue (ARR)' stands at $718.34 million. Compared to the current estimate, the company reported $635.00 million in the same quarter of the previous year.
View all Key Company Metrics for Jamf Holding here>>>
Shares of Jamf Holding have demonstrated returns of +22.6% over the past month compared to the Zacks S&P 500 composite's +1.3% change. With a Zacks Rank #3 (Hold), JAMF is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Jamf Holding Corp. (JAMF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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