Alteryx (NYSE:AYX) Releases Q2 2021 Earnings Guidance

Alteryx (NYSE:AYX) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of -0.270–0.240 for the period, compared to the Thomson Reuters consensus estimate of $-0.210. The company issued revenue guidance of $111 million-$114 million, compared to the consensus revenue estimate of $111.37 million.Alteryx also updated its FY 2021 guidance to -0.070-0.070 EPS.

Alteryx stock traded down $2.72 during trading hours on Tuesday, hitting $76.39. The company had a trading volume of 2,810,281 shares, compared to its average volume of 1,537,187. The firm has a market capitalization of $5.11 billion, a P/E ratio of -282.93, a price-to-earnings-growth ratio of 87.28 and a beta of 0.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.03 and a quick ratio of 4.03. The firm’s fifty day moving average is $84.12 and its 200-day moving average is $109.62. Alteryx has a fifty-two week low of $74.72 and a fifty-two week high of $185.75.

Alteryx (NYSE:AYX) last released its quarterly earnings data on Tuesday, May 4th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.15. The firm had revenue of $118.76 million for the quarter, compared to analyst estimates of $106.08 million. Alteryx had a negative net margin of 3.20% and a positive return on equity of 3.27%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. Analysts anticipate that Alteryx will post -0.1 earnings per share for the current year.

Several research analysts have weighed in on AYX shares. Cowen dropped their price objective on shares of Alteryx from $155.00 to $150.00 and set an outperform rating on the stock in a research note on Tuesday, January 5th. Needham & Company LLC dropped their price target on shares of Alteryx from $159.00 to $157.00 and set a buy rating on the stock in a research note on Wednesday, February 10th. Truist initiated coverage on shares of Alteryx in a research note on Wednesday, January 20th. They set a buy rating and a $150.00 price target on the stock. Morgan Stanley initiated coverage on shares of Alteryx in a research note on Thursday, April 1st. They set an equal weight rating and a $93.00 price target on the stock. Finally, DA Davidson dropped their price target on shares of Alteryx from $137.00 to $115.00 and set a neutral rating on the stock in a research note on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $153.92.

In other Alteryx news, Director Dean Stoecker sold 7,500 shares of the stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $128.57, for a total value of $964,275.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher M. Lal sold 640 shares of the stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $87.02, for a total transaction of $55,692.80. The disclosure for this sale can be found here. Insiders sold a total of 86,721 shares of company stock worth $8,992,427 over the last quarter. 13.58% of the stock is currently owned by company insiders.

About Alteryx

Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its analytic process automation software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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Earnings History and Estimates for Alteryx (NYSE:AYX)

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