JFrog (FROG) Q1 Earnings: What To Expect

Software supply chain platform JFrog (NASDAQ:FROG) will be reporting results this Thursday after market close. Here’s what investors should know.

JFrog beat analysts’ revenue expectations last quarter, reporting revenues of $145.3 million, up 25.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ EBITDA estimates. It added 47 enterprise customers paying more than $100,000 annually to reach a total of 1,168.

Is JFrog 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 JFrog’s revenue to grow 20.5% year on year, slowing from the 22% 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. JFrog rarely misses Wall Street’s revenue estimates.

Looking at JFrog’s peers in the software development segment, some have already reported their Q1 results, giving us a hint as to what we can expect. F5 delivered year-on-year revenue growth of 11%, beating analysts’ expectations by 3.7%, and Twilio reported revenues up 20%, topping estimates by 4.7%. F5 traded up 8% following the results while Twilio was also up 23.8%.

Read our full analysis of F5’s results here and Twilio’s results here.

There has been positive sentiment among investors in the software development segment, with share prices up 12.4% on average over the last month. JFrog is up 10.9% during the same time and is heading into earnings with an average analyst price target of $67.30 (compared to the current share price of $54.67).

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