How did Qualtrics' revenue grow 41% in the first quarter?
Apr 22, 2022 · Why Qualtrics Stock Was Socked by the Market Today. ... Zooming down to the bottom line, Qualtrics posted non-GAAP (adjusted) net income of $3.4 million ($0.01 per share). This was down, although ...
Is the NASDAQ-100 headed for a run to the pivot low?
Apr 23, 2022 · Why Qualtrics Stock Was Socked by the Market Today. MotleyFool . Apr. 22, 2022, 06:41 PM. ... they traded the stock down by nearly 11%.In unveiling its first-quarter numbers, Qualtrics revealed ...
What will happen to Wall Street Stocks in 2022?
Apr 23, 2022 · What happened. After market hours on Thursday, Qualtrics International ( XM-10.52%) posted quarterly earnings that it described as “outstanding.” While the experience management software specialist indeed posted some encouraging figures, it clearly left investors wanting more — the following day, they traded the stock down by nearly 11%.
What happened
Shares of Qualtrics International (NASDAQ: XM) were up by 5.7% this week, according to data from S&P Global Market Intelligence, after the company announced late in the week that it's expanding its partnership with Carahsoft, a technology solutions provider for public sector organizations in Canada.
So what
Qualtrics makes an experience management platform that's used by some governments and companies for a variety of COVID-19 related services, including screening, appointment scheduling, and vaccination status management, according to the press release.
Now what
Qualtrics' stock began trading publicly in late January, and since then its share price has been pretty volatile. After double-digit percentage gains shortly after its IPO, the stock tumbled quickly and is down nearly 2% since going public.
Experience management software remains in high demand, regardless of what the stock price says
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
What happened
Shares of Qualtrics ( NASDAQ:XM) had a nice 6% rally today after the company reported knockout earnings for the fourth quarter of 2021. Though the stock is trading close to all-time lows since its IPO early last year, the leader in experience management software is still very much in high-growth mode. Shares are currently 57% off of all-time highs.
So what
As for the Q4 2021 numbers, Qualtrics' revenue surged 48% higher year over year to $316 million. Adjusted net loss was $39.4 million, higher than the $8.1 million loss the same period last year due to elevated research and development, sales and marketing, and admin expense.
Now what
What was once a sky-high valuation is starting to look far more reasonable. Qualtrics stock currently trades for just over nine times expected 2022 revenue-to-enterprise value. Management's guidance for 2022 is calling for about a 30% rise in revenue, and adjusted earnings are expected to come in at breakeven.
