Amplitude (AMPL) Set to Announce Earnings on Thursday

Amplitude (NASDAQ:AMPL) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Amplitude to post earnings of $0.00 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $71.98 million. During the same period in the prior year, the firm earned ($0.17) earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts expect Amplitude to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Amplitude Trading Up 1.5 %

AMPL opened at $9.42 on Wednesday. The business has a 50 day moving average of $8.84 and a 200-day moving average of $8.82. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -13.84 and a beta of 1.31. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42.

Analysts Set New Price Targets

AMPL has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Robert W. Baird decreased their target price on Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group lowered their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Amplitude has an average rating of “Hold” and a consensus price target of $10.33.

About Amplitude

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.