NYSE$ETWO
E2open Parent Holdings Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced financial results for the fiscal third quarter ended November 30, 2023.
E2open reported a decrease in total GAAP revenue by 4.5% compared to the year-ago period, with subscription revenue also slightly declining. The company experienced a significant net loss, contrasting with a net income in the previous year. Despite these challenges, E2open maintained strong adjusted EBITDA margins and saw improved sales execution towards the end of the quarter.
- GAAP subscription revenue was $132.8 million, a 1.5% decrease year-over-year.
- Total GAAP revenue was $157.5 million, a 4.5% decrease year-over-year.
- GAAP net loss was $740.0 million, compared to a net income of $5.5 million in the prior year.
- Adjusted EBITDA was $55.4 million, a 1.4% decrease year-over-year.
Headline financials
Revenue & EPS history
E2open · Revenue · Quarterly
$157M
Revenue by segment
E2open · $30M total across 1 segment · Q3 2022
- Professional Services$30M—100.0%
Forward guidance
E2open updated its full year 2024 guidance and provided fourth quarter 2024 guidance.
Tailwinds
- GAAP subscription revenue for fiscal 2024 is expected to be in the range of $533 million to $536 million.
- Total GAAP revenue for fiscal 2024 is expected to be in the range of $628 million to $633 million.
- Non-GAAP gross profit margin for fiscal 2024 is still expected to be in the range of 68% to 70%.
- Adjusted EBITDA for fiscal 2024 is still expected to be in the range of $215 million to $220 million.
- GAAP subscription revenue for the fiscal fourth quarter of 2024 is expected to be in the range of $131 million to $134 million.
Headwinds
- GAAP subscription revenue for fiscal 2024 reflects a 0.3% organic growth rate at the mid-point.
- Total GAAP revenue for fiscal 2024 reflects a 3.3% year-over-year decrease at the mid-point.
- GAAP subscription revenue for the fiscal fourth quarter of 2024 reflects a 3.2% year-over-year decrease at the mid-point.
- E2open is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures for non-GAAP gross profit margin or adjusted EBITDA without unreasonable effort.
- Conditions in some end-markets remain uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q3 2024
-5.7%
Avg return
Earnings day
-9.5%
Avg return
5 days after
-1.5%
Avg return
30 days after
33%
7 / 21 earnings
Positive
+15.4%
Q4 2021
Best reaction
-48.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.0% | +0.3% | — | |
| Q4 2025 | -6.2% | +7.7% | +53.1% | |
| Q3 2025 | -5.9% | -4.5% | +3.0% | |
| Q2 2025 | -20.2% | -20.0% | -16.6% | |
| Q1 2025 | -11.2% | -3.2% | -10.8% | |
| Q4 2024 | +12.8% | +10.2% | +8.6% | |
| Q3 2024 | +1.7% | -11.8% | -5.6% | |
| Q2 2024 | -48.1% | -42.0% | -25.2% | |
| Q1 2024 | +3.1% | -7.4% | -12.8% | |
| Q4 2023 | -29.9% | -26.4% | -20.4% | |
| Q3 2023 | -0.9% | +3.3% | +12.1% | |
| Q2 2023 | -5.7% | -13.8% | +0.3% | |
| Q1 2023 | -14.6% | -16.5% | -4.0% | |
| Q4 2022 | +6.4% | — | — | |
| Q3 2022 | -16.2% | — | — | |
| Q2 2022 | +1.3% | — | — | |
| Q1 2022 | -1.1% | — | — | |
| Q4 2021 | +15.4% | — | — | |
| Q3 2021 | +0.4% | — | — | |
| Q2 2021 | -0.4% | — | — | |
| Q1 2021 | -0.8% | — | — | |
| Q4 2020 | — | — | — |
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