The headline numbers for Alteryx, Inc. (AYX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
For the quarter ended December 2023, Alteryx, Inc. (AYX) reported revenue of $351 million, up 16.6% over the same period last year. EPS came in at $1.70, compared to $0.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $337.67 million, representing a surprise of +3.95%. The company delivered an EPS surprise of +47.83%, with the consensus EPS estimate being $1.15.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alteryx, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Recurring Revenue (ARR): 955 million compared to the 947.69 million average estimate based on six analysts.
- PCS and services: $119 million versus the five-analyst average estimate of $120.30 million. The reported number represents a year-over-year change of +8.9%.
- Subscription-based software license: $232 million versus $217.48 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +21% change.
View all Key Company Metrics for Alteryx, Inc. here>>>
Shares of Alteryx, Inc. have returned +0.8% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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