Qualtrics International (NYSE:XM) Issues Q2 2022 Earnings Guidance

Qualtrics International (NYSE:XMGet Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $-0.010-$0.010 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.000. The company issued revenue guidance of $344 million-$346 million, compared to the consensus revenue estimate of $337.37 million.Qualtrics International also updated its FY 2022 guidance to $0.000-$0.020 EPS.

Qualtrics International stock traded down $2.23 during midday trading on Thursday, reaching $24.34. The company’s stock had a trading volume of 2,549,316 shares, compared to its average volume of 1,952,377. The stock’s 50-day simple moving average is $28.49 and its 200-day simple moving average is $33.10. The stock has a market capitalization of $13.17 billion, a P/E ratio of -12.54 and a beta of 1.65. Qualtrics International has a 52-week low of $22.72 and a 52-week high of $49.03.

Qualtrics International (NYSE:XMGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.16). The business had revenue of $316.04 million for the quarter, compared to analysts’ expectations of $297.65 million. Qualtrics International had a negative return on equity of 198.58% and a negative net margin of 98.46%. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. Equities research analysts predict that Qualtrics International will post -1.71 earnings per share for the current year.

Several research firms recently commented on XM. BNP Paribas assumed coverage on Qualtrics International in a research note on Tuesday, March 29th. They set a neutral rating and a $28.00 target price for the company. Zacks Investment Research cut Qualtrics International from a hold rating to a sell rating in a research report on Wednesday, March 30th. Raymond James dropped their target price on Qualtrics International from $55.00 to $35.00 in a research report on Thursday, January 27th. Oppenheimer lowered their price target on Qualtrics International from $60.00 to $45.00 in a report on Thursday, January 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Qualtrics International from $48.00 to $36.00 in a research note on Friday, January 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Qualtrics International presently has an average rating of Buy and a consensus target price of $41.29.

In related news, Director Vi (Gp) L.L.C. Slta purchased 72,075 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were bought at an average cost of $27.90 per share, with a total value of $2,010,892.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have purchased 693,047 shares of company stock worth $19,483,020. 1.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of XM. JustInvest LLC bought a new stake in shares of Qualtrics International in the 4th quarter valued at $686,000. BlackRock Inc. increased its stake in shares of Qualtrics International by 22.8% in the 4th quarter. BlackRock Inc. now owns 1,700,229 shares of the company’s stock valued at $60,189,000 after acquiring an additional 315,327 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Qualtrics International by 17.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 8,835 shares of the company’s stock valued at $313,000 after acquiring an additional 1,297 shares in the last quarter. Vista Equity Partners Management LLC increased its stake in shares of Qualtrics International by 27.5% in the 4th quarter. Vista Equity Partners Management LLC now owns 977,860 shares of the company’s stock valued at $34,616,000 after acquiring an additional 211,140 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Qualtrics International by 221.6% in the 4th quarter. Advisors Asset Management Inc. now owns 4,274 shares of the company’s stock valued at $151,000 after acquiring an additional 2,945 shares in the last quarter. Hedge funds and other institutional investors own 15.72% of the company’s stock.

Qualtrics International Company Profile (Get Rating)

Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.

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Earnings History and Estimates for Qualtrics International (NYSE:XM)

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