Couchbase (BASE) Reports Earnings Tomorrow: What To Expect

Database as a service company Couchbase (NASDAQ: BASE) will be reporting results tomorrow after the bell. Here’s what to look for.

Couchbase beat analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $51.33 million, up 25.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ billings estimates and in-line revenue guidance for the next quarter.

Is Couchbase a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Couchbase’s revenue to grow 18.5% year on year to $51.12 million, improving from the 8.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Couchbase has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.4% on average.

Looking at Couchbase’s peers in the data storage segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Commvault Systems delivered year-on-year revenue growth of 13.4%, beating analysts’ expectations by 4.2%, and DigitalOcean reported revenues up 13.3%, topping estimates by 2%. Commvault Systems traded up 24.1% following the results while DigitalOcean was also up 11.9%.

Read our full analysis of Commvault Systems’s results here and DigitalOcean’s results here.

There has been positive sentiment among investors in the data storage segment, with share prices up 10.2% on average over the last month. Couchbase is up 31.7% during the same time and is heading into earnings with an average analyst price target of $25.6 (compared to the current share price of $22.25).

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