Five9 (FIVN) Reports Q1: Everything You Need To Know Ahead Of Earnings

Cloud contact center software provider Five9 (NASDAQ:FIVN) will be reporting results this Thursday afternoon. Here’s what investors should know.

Five9 beat analysts’ revenue expectations last quarter, reporting revenues of $300.3 million, up 7.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and EPS guidance for next quarter beating analysts’ expectations.

Is Five9 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 Five9’s revenue to grow 7.3% year on year, slowing from the 13.2% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Five9 has a history of exceeding Wall Street’s expectations.

Looking at Five9’s peers in the productivity software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ServiceNow delivered year-on-year revenue growth of 22.1%, beating analysts’ expectations by 0.6%, and Pegasystems reported a revenue decline of 9.6%, falling short of estimates by 7.3%. ServiceNow traded down 17.7% following the results while Pegasystems was also down 4.6%.

Read our full analysis of ServiceNow’s results here and Pegasystems’s results here.

There has been positive sentiment among investors in the productivity software segment, with share prices up 7% on average over the last month. Five9 is up 15.3% during the same time and is heading into earnings with an average analyst price target of $26.90 (compared to the current share price of $17.03).

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