Qualtrics International Shares Down 5% on Q2 EPS Miss, Guidance Worse Than Expected
<p><a href='https://financialmodelingprep.com/financial-summary/XM'>Qualtrics International Inc. (NASDAQ:XM)</a> shares closed more than 5% lower on Thursday following the company’s reported Q2 results, with EPS of ($0.04) coming in worse than the Street estimate of $0.00. Revenue was $356.4 million, compared to the Street estimate of $345.15 million.</p>
<p>While the company showed strong win rates and continued share gains as it benefits from vendor consolidation within Experience Management, management highlighted lengthening deal cycles and further deal scrutiny are impacting leading metrics.</p>
<p>Q2 subscription revenue outperformance was in line with historical cadence, but more importantly, both calculated billings and current RPO were disappointing with both metrics well below sequential cadence and decelerating meaningfully on a year-over-year basis compared to Q1.</p>
<p>The company expects Q3/22 EPS to be in the range of ($0.02)-($0.04), compared to the consensus of $0.00, and revenue in the range of $358-360 million, compared to the consensus of $359.75 million.</p>
<p>For the full 2022-year, the company expects EPS in the range of ($0.07)-($0.09), compared to the consensus of $0.00, and revenue in the range of $1.422-1.426 million, compared to the consensus of $1.43 million.</p>

NASDAQ:XM