Everything You Need To Know Ahead Of Earnings

Cybersecurity cloud platform provider Qualys (NASDAQ:QLYS) will be reporting earnings this Tuesday after market hours. Here’s what to look for.

Qualys beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $164.1 million, up 10.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EPS guidance beating analysts’ expectations.

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

This quarter, analysts are expecting Qualys’s revenue to grow 8.1% year on year to $166.3 million, in line with the 8.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.56 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. Qualys has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.

Looking at Qualys’s peers in the cybersecurity segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tenable delivered year-on-year revenue growth of 11.2%, beating analysts’ expectations by 2.1%, and Varonis Systems reported revenues up 9.1%, falling short of estimates by 2.7%. Tenable’s stock price was unchanged after the resultswhile Varonis Systems was down 48.7%.

Read our full analysis of Tenable’s results here and Varonis Systems’s results here.

Investors in the cybersecurity segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Qualys is down 4.9% during the same time and is heading into earnings with an average analyst price target of $139.81 (compared to the current share price of $123.26).

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