Weave Communications (WEAV) Earnings Preview: What to Expect on October 30th
Get ready for the upcoming earnings release from Weave Communications (WEAV) on Wednesday, October 30th! Investors will be closely watching to see if the company can deliver positive news and surpass analysts’ expectations.
Earnings Estimates and Investor Expectations
Analysts are currently projecting an earnings per share (EPS) of -$0.01 for the quarter. Investors will be looking for signs of a strong performance, particularly in terms of exceeding estimates and providing favorable guidance for the next quarter. It’s worth noting that guidance can play a significant role in driving stock price movements.
A Look Back at Past Performance
Weave Communications has a history of exceeding EPS expectations, with the previous earnings release showing a beat of $0.02, leading to a 9.0% increase in share price the following trading day. Here’s a quick overview of the company’s past performance:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | -0.02 | 0 | 9.0% |
| Q1 2024 | -0.02 | -0.01 | -21.0% |
| Q4 2023 | -0.03 | -0.01 | -12.0% |
| Q3 2023 | -0.06 | -0.01 | 21.0% |
Share Price Analysis
As of October 28th, Weave Communications shares were trading at $13.48. Over the past 52 weeks, the stock has seen a significant increase of 91.97%. This positive trend suggests that long-term shareholders are likely optimistic about the company’s prospects going into this earnings release.
Analyst Sentiment and Expectations
For investors, understanding market sentiment and analyst expectations is crucial. The consensus rating for Weave Communications is ‘Outperform,’ based on 1 analyst rating. The average one-year price target is $16.0, implying a potential 18.69% upside.
Comparing Weave Communications with its Peers
It’s helpful to compare Weave Communications with its peers in the industry to understand its relative positioning and performance. Here’s a look at analyst ratings and average 1-year price targets for E2open Parent Holdings, Pagaya Techs, and Yext:
*
E2open Parent Holdings:
Neutral rating with an average 1-year price target of $3.5, indicating a potential 74.04% downside.*
Pagaya Techs:
Buy rating with an average 1-year price target of $25.22, indicating a potential 87.09% upside.*
Yext:
Buy rating with an average 1-year price target of $7.08, indicating a potential 47.48% downside.Key Financial Metrics: A Peer Comparison
Weave Communications stands out among its peers in terms of revenue growth and gross profit, but its return on equity lags behind. Here’s a snapshot of key financial metrics for the company and its competitors:
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Weave Communications | Outperform | 21.41% | $36.12M | -11.94% |
| E2open Parent Holdings | Neutral | -3.97% | $74.64M | -2.05% |
| Pagaya Techs | Buy | 30.65% | $96.99M | -12.97% |
| Yext | Buy | -4.59% | $75.59M | -2.55% |
About Weave Communications
Weave Communications Inc. is a leading provider of customer experience and payments software tailored for small and medium-sized healthcare businesses. The company’s platform revolutionizes patient interaction, streamlining everything from initial contact to billing. Weave’s integrated solution minimizes manual tasks, allowing healthcare providers to focus on patient care while enhancing patient engagement. The company offers a wide range of features, including communication channels, appointment scheduling, payment processing, and more. This comprehensive approach aims to strengthen practitioner-patient relationships and optimize practice operations.
Key Financial Insights
*
Market Capitalization:
Weave Communications’s market capitalization is relatively small compared to industry averages, presenting unique challenges for the company.*
Revenue Trend:
The company boasts a strong revenue growth rate of 21.41% as of June 30, 2024, surpassing the average among peers in the Information Technology sector.*
Net Margin:
Weave Communications has an impressive net margin of -16.91%, exceeding industry averages, showcasing strong profitability and effective cost management.*
Return on Equity (ROE):
Weave Communications’s ROE of -11.94% falls below industry averages, indicating challenges in efficiently using equity capital.*
Return on Assets (ROA):
The company’s ROA of -4.49% also trails industry averages, indicating potential challenges in maximizing asset utilization.*
Debt Management:
Weave Communications faces challenges in debt management with a debt-to-equity ratio higher than the industry average. A ratio of 0.83 signifies an increased financial risk for the company.Stay tuned for Weave Communications’s earnings announcement on October 30th, and continue to follow Benzinga for the latest updates and analysis.
