Financial News

Earnings to watch: Strategy (MSTR) reports Q3 results tomorrow

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

MSTR Cover Image

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.

Strategy total revenue

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).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  243.79
-10.81 (-4.25%)
AAPL  348.91
+5.08 (1.48%)
AMD  566.42
-12.02 (-2.08%)
BAC  51.14
+0.29 (0.57%)
GOOG  282.32
-39.57 (-12.29%)
META  624.52
+12.03 (1.96%)
MSFT  530.14
-0.87 (-0.16%)
NVDA  213.66
-1.72 (-0.80%)
ORCL  139.56
-4.98 (-3.45%)
TSLA  403.30
-0.92 (-0.23%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback