Jamf Holding (JAMF) reported $159.29 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.7%. EPS of $0.16 for the same period compares to $0.08 a year ago.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $157.69 million. With the consensus EPS estimate being $0.17, the EPS surprise was -5.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Jamf Holding performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual Recurring Revenue (ARR): $635 million versus $634.90 million estimated by two analysts on average.
- Revenue- Subscription revenue- SaaS subscription and support and maintenance: $151.49 million versus $150.23 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.
- Revenue- Subscription revenue- On-premise subscription: $4.59 million compared to the $4.55 million average estimate based on two analysts. The reported number represents a change of -6.3% year over year.
- Revenue- Subscription revenue: $156.07 million versus $154.77 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.
- Revenue- Non-subscription revenue- Professional services: $3.19 million versus the two-analyst average estimate of $2.93 million. The reported number represents a year-over-year change of -19.3%.
- Revenue- Non-subscription revenue- Perpetual licenses: $0.02 million versus the two-analyst average estimate of $0.10 million. The reported number represents a year-over-year change of -83.8%.
Shares of Jamf Holding have returned +5% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Free Today: Profiting from The Future’s Brightest Energy Source
The demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.
Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.
Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.Jamf Holding Corp. (JAMF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
