Bitcoin development company Strategy (NASDAQ: MSTR) will be reporting results this Thursday after market close. Here’s what to expect.
Strategy met analysts’ revenue expectations last quarter, reporting revenues of $122.4 million, up 6.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ billings estimates.
Is Strategy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Strategy’s revenue to decline 1.2% year on year, a reversal from the 10.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Strategy has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Strategy’s peers in the data and analytics software segment, only Commvault has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 13.1%.
Read our full analysis of Commvault’s earnings results here.There has been positive sentiment among investors in the data and analytics software segment, with share prices up 13.6% on average over the last month. Strategy is down 10.1% during the same time and is heading into earnings with an average analyst price target of $239.27 (compared to the current share price of $141.17).
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