santafe2
3 years ago
Q3 report notes from Barron's:
UiPath Tops Earnings and Sales Expectations. The Stock Falls.
Shares of UiPath fell Thursday after the robotic-process automation software company posted fiscal third-quarter results that were better than Wall Street expectations.
The stock dropped 1.6% to $46.93 after UiPath (ticker: PATH) reported adjusted earnings at break-even on a per-share basis on revenue of $220.8 million, up from year-earlier revenue of $147.3 million. The company’s annualized renewal run rate, or ARR, was $818.4 million, up 58%.
Analysts were expecting UiPath to report a loss of 4 cents a share on sales of $208.3 million and ARR of $798 million.
The net loss in the third quarter was $122.8 million, or 23 cents a share, compared with a year-earlier loss of $70.8 million, or 41 cents.
UiPath said it expects fourth-quarter revenue of $281 million to $283 million and ARR of $901 million to $903 million. Analysts are looking for fourth-quarter revenue of $281.5 million and ARR of $880 million.
Analysts at Oppenheimer maintained their Perform rating on UiPath shares, saying that while the company posted “robust backlog growth, and healthy operating margin improvements,” the “positives are somewhat offset by signs of the business decelerating and less optimistic ARR guidance, which implies further growth moderation.”
RBC Capital Markets maintained its Sector Perform rating and $55 price target. “Overall, we believe UiPath remains well-positioned as a long-term strategic enterprise automation vendor,” the analysts wrote in a research note.
KeyBanc analysts also said they see UiPath as the leading independent enterprise automation vendor. They reiterated their Overweight rating but lowered the price target to $69 from $86 “given higher interest rate/lower valuation environment.”
UiPath went public in April with an initial public offering price of $56 a share. The stock has fallen 12% over the past three months.
santafe2
3 years ago
Q3 Earnings to be announced 12/8 after the market closes.
UiPath, Inc. (NYSE: PATH), a leading enterprise automation software company, today announced it will report financial results for its fiscal third quarter 2022 ended October 31, 2021 after the market close on Wednesday, December 8, 2021. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET.
UiPath Fiscal Third Quarter 2022 Financial Results Conference Call
When: Wednesday, December 8, 2021
Time: 5:00 pm ET
Conference ID: 13724511
Live Call: 1-877-407-8309 (US/Canada Toll-Free) or 1-201-689-8057 (Toll)
Replay: 1-877-660-6853 (US Toll-Free), 201-612-7415 (Toll)
(The replay will be available approximately two hours after the completion of the live call until 11:59 pm ET on December 22, 2021)
Webcast: https://ir.uipath.com
santafe2
3 years ago
UiPath, Inc., (PATH), is the largest RPA, (Robotic Process Automation), company in the world. PATH engages in the development and provision of software platforms to automate business processes. It serves public, healthcare, telecommunication, finance, and banking industries. It offers accounts payable automation, claims processing automation, contact center automation, finance, and accounting automation.
PATH went public in April this year at $65, peaked at $90 in May, bottomed at $47 in October and has been moving up since then. It now trades above both its 20 and 50 day moving average and after a miserable six months is moving up just slightly more quickly than the average for the software industry.
The most positive thing I see is that accumulation has been moving up since late September. I started this board because I like the company. The valuation seems too high but if the technicals keep improving I'll invest.