TTAN Earnings Prediction
The chart below shows how TTAN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTAN sees a +3.79% change in stock price 10 days leading up to the earnings, and a +2.59% change 10 days following the report. On the earnings day itself, the stock moves by -1.12%. This data can give you a slight idea of what to expect for the next quarter's release.
TTAN Key Earning Data
2024/Q4
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TTAN Earnings Analysis
Servicetitan, Inc. Class A Common Stock Corporation (TTAN.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Q3 total revenue was $199.3 million, up over 24% year-over-year.
Subscription Revenue Increase: Q3 subscription revenue was $145.3 million, up 27% year-over-year.
Revenue Growth Highlights: Usage revenue was $45.9 million, up 23% year-over-year, and total platform revenue grew 26% year-over-year.
Platform Gross Margin Improvement: Q3 non-GAAP platform gross margin was 77.1%, an improvement of 30 basis points year-over-year.
Free Cash Flow Improvement: Free cash flow was $10.6 million, up from negative $6.2 million for the prior year third quarter.
Negative
Revenue Performance Analysis: Q3 total revenue was $199.3 million, up over 24% year-over-year, but still below expectations.
Professional Services Revenue Decline: Q3 professional services revenue was $8.1 million during the quarter, a decline of 4% year-over-year.
Future Performance Uncertainty: Reported results should not be considered an indication of future performance, highlighting uncertainty in projections.
Liquidity Position Concerns: We ended Q3 with $134 million in cash compared to $173 million in debt, indicating a concerning liquidity position.
Q4 Non-GAAP Operating Income: We expect to generate non-GAAP operating income in the range of $3 million to $4 million for Q4, which is lower than previous guidance.
TTAN FAQs
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TTAN Earning Call Sentiment
ServiceTitan, Inc. (TTAN) Q3 2024 Earnings Call Transcript
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TTAN.O
-3.69%Positive
ServiceTitan's earnings call reveals strong financial performance, with revenue and subscription growth, improved margins, and successful IPO proceeds utilization. Despite some risks, the Q&A highlights positive analyst sentiment and effective strategies for customer acquisition and growth. The optimistic guidance and solid cash flow further support a positive outlook, likely resulting in a 2% to 8% stock price increase.
