UiPath (PATH) Q1 Revenues and Earnings Exceed Expectations

UiPath (PATH) exceeded the Zacks Consensus Estimate of $0.11 per share with quarterly earnings of $0.13. This compares to $0.11 per share last year. Adjusted for non-recurring items. This quarterly report showed 18.18% earnings surprise. This enterprise automation software developer surprised 46.67% by posting $0.22 per share earnings a quarter earlier than projected.  

The company outperformed consensus EPS projections four times in the last four quarters. UiPath, a Zacks Technology Services company, beat the Zacks Consensus Estimate by 0.68% with $335.11 million in quarterly revenues. Revenues were $289.59 million last year. The company has surpassed consensus revenue expectations four times in four quarters  

Management's earnings call commentary will determine whether the stock's quick price movement based on recently published figures and future earnings estimates will last. Since January, UiPath shares have fallen 24.5% while the S&P 500 has gained 11.2%.  

Next for UiPath? While UiPath has lagged the market this year, investors wonder what's next for the stock? The company's profits outlook can assist investors answer this important question, but there are no easy answers. This includes current consensus earnings predictions for the coming quarter(s) and their recent changes.  

Near-term market fluctuations and earnings estimate revisions are strongly correlated, according to empirical studies. Investors can track earnings estimate revisions themselves or use the Zacks Rank, which has a proven track record of doing so.  

Before this earnings report, UiPath estimate revisions were uneven. After the company's earnings report, estimate revisions may alter, but the stock has a Zacks Rank #3 (Hold). The shares should follow the market in the foreseeable future. See all today's Zacks #1 Rank (Strong Buy) stocks here.  

It will be fascinating to observe how quarter and fiscal year estimates adjust. The consensus EPS forecast for the approaching quarter is $0.10 on $342.13 million in revenues and $0.57 on $1.56 billion for the current fiscal year.  

Investors should be aware that industry outlook can affect stock performance. Technology Services is in the top 26% of 250+ Zacks industries. Our analysis reveals that the top 50% of Zacks-ranked sectors beat the bottom 50% by more than 2 to 1. Alithya Group (ALYAF), another industry stock, has not reported March 2024 earnings.  

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