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 Down 5.7 %

AMPL traded down $0.60 on Friday, reaching $9.89. The company had a trading volume of 1,129,310 shares, compared to its average volume of 356,719. The stock has a 50-day moving average price of $8.93 and a 200-day moving average price of $8.83. The stock has a market capitalization of $1.22 billion, a PE ratio of -14.54 and a beta of 1.31. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.42.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The firm 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 firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned ($0.17) earnings per share. As a group, analysts expect that Amplitude will post -0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMPL has been the subject of several research analyst reports. Scotiabank increased their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday. UBS Group decreased their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Piper Sandler lifted their price objective on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Robert W. Baird upped their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

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.