UiPath (PATH) To Report Earnings Tomorrow: Here Is What To Expect

UiPath (PATH) To Report Earnings Tomorrow: Here Is What To Expect

Automation software company UiPath (NYSE:PATH) will be announcing earnings results tomorrow after market close. Here's what investors should know.

UiPath beat analysts' revenue expectations by 5.6% last quarter, reporting revenues of $405.3 million, up 31.3% year on year. It was an excellent beat-and-raise quarter for UiPath. It soared past analysts' estimates across all key metrics, including revenue, gross margin, EPS, and free cash flow. Its net retention rate and full-year 2024 annualized recurring revenue guidance of $1.73 billion also came in better than expected.

Is UiPath a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting UiPath's revenue to grow 15% year on year to $333 million, slowing from the 18.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

UiPath Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UiPath has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 5.6% on average.

Looking at UiPath's peers in the automation software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Jamf delivered year-on-year revenue growth of 15.1%, beating analysts' expectations by 2%, and ServiceNow reported revenues up 24.2%, in line with consensus estimates. Jamf traded up 1.2% following the results while ServiceNow was down 4.1%.

Read our full analysis of Jamf's results here and ServiceNow's results here.

Investors in the automation software segment have had steady hands going into earnings, with share prices flat over the last month. UiPath is down 3.8% during the same time and is heading into earnings with an average analyst price target of $27.9 (compared to the current share price of $19).

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