Alteryx Inc jumps on better-than-estimated forecast, Q4

Alteryx

10/02/2023 12:33

** Shares of software firm Alteryx Inc  AYX.N  up 10.2% at
$66.22 premarket
    ** Stock set to touch an over four-month high, if gains hold
    ** Company sees Q1 and 2023 revenue of $198 mln-$202 mln and
$980 mln-$990 mln, both ahead of estimates - Refinitiv
    ** AYX sees less-than-estimated Q1 loss of 25-29 cents/shr,
forecasts 2023 EPS at 36-46 cents vs est 6 cents
    ** Company's Q4 EPS of 84 cents beats est 51 cents, breaks
even in 2022 vs expected loss of 35 cents per share
    ** Alteryx's Q4 and 2022 revenue of $301.1 mln and $855.4
mln, respectively, also beat estimates - Refinitiv
    ** At least 4 brokerages raise PT after results; 3 "strong
buy", 7 "buy", 9 "hold" ratings on stock, median PT at $76.50 -
Refinitiv
    ** Stock up ~19% YTD, after a 16% fall in 2022
 (Reporting by Ankika Biswas in Bengaluru)
 ((Ankika.Biswas@thomsonreuters.com))