Earnings To Watch: Braze (BRZE) Reports Q2 Results Tomorrow

Customer engagement platform Braze (NASDAQ:BRZE) will be reporting earnings this Tuesday after the bell. Here’s what you need to know.

Braze beat analysts’ revenue expectations last quarter, reporting revenues of $211 million, up 30.2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ billings estimates but a slight miss of analysts’ annual recurring revenue estimates. It added 104 customers to reach a total of 2,713.

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

This quarter, the market is expecting Braze’s revenue to grow 22.4% year on year, slowing from the 23.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Braze has a history of exceeding Wall Street’s expectations.

Looking at Braze’s peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Sprout Social delivered year-on-year revenue growth of 10.8%, beating analysts’ expectations by 1.4%, and PubMatic reported revenues up 10.5%, topping estimates by 13.7%. Sprout Social traded up 26.3% following the results while PubMatic was also up 31.9%.

Read our full analysis of Sprout Social’s results here and PubMatic’s results here.

Investors in the sales and marketing software segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Braze is up 11.9% during the same time and is heading into earnings with an average analyst price target of $36.25 (compared to the current share price of $32.17).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.