Earnings To Watch: F5 (FFIV) Reports Q4 Results Tomorrow

Application security provider F5 (NASDAQ:FFIV) will be announcing earnings results this Tuesday after market close. Here’s what to expect.

F5 beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $810.1 million, up 8.5% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and revenue guidance for next quarter missing analysts’ expectations significantly.

Is F5 a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting F5’s revenue to decline 1.4% year on year to $755.7 million, a reversal from the 10.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.65 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. F5 has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.3% on average.

With F5 being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for software development stocks. However, the whole sector has faced a sell-off over the last month with stocks in F5’s peer group down 8.3% on average. F5’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $295.30 (compared to the current share price of $258.53).

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