Amplitude (NASDAQ:AMPL) Issues Q4 2024 Earnings Guidance

Amplitude (NASDAQ:AMPL) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.000-0.010 for the period, compared to the consensus EPS estimate of 0.050. The company issued revenue guidance of $76.0 million-$77.0 million, compared to the consensus revenue estimate of $75.7 million. Amplitude also updated its FY 2024 guidance to 0.040-0.060 EPS.

Amplitude Stock Performance

Shares of Amplitude stock traded up $0.52 during trading on Thursday, reaching $10.49. 825,173 shares of the company’s stock were exchanged, compared to its average volume of 517,142. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The company has a market cap of $1.30 billion, a P/E ratio of -15.43 and a beta of 1.31. The firm’s 50-day moving average price is $8.88 and its 200 day moving average price is $8.82.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) earnings per share. As a group, equities research analysts predict that Amplitude will post -0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on AMPL. Robert W. Baird dropped their target price on Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Piper Sandler dropped their price objective 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. Finally, UBS Group cut their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Amplitude currently has an average rating of “Hold” and an average price target of $10.33.

Amplitude Company Profile

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.