Data collaboration platform LiveRamp (NYSE: RAMP) will be reporting earnings this Thursday after market hours. Here’s what to expect.

LiveRamp beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $199.8 million, up 7.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a narrow beat of analysts’ annual recurring revenue estimates. It added 5 enterprise customers paying more than $1 million annually to reach a total of 132.

Is LiveRamp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting LiveRamp’s revenue to grow 8.5% year on year to $212 million, slowing from the 12.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. LiveRamp has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.7% on average.

With LiveRamp being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for sales and marketing software stocks. However, the whole sector has faced a sell-off over the last month with stocks in LiveRamp’s peer group down 17.8% on average. LiveRamp is down 17.8% during the same time and is heading into earnings with an average analyst price target of $38.50 (compared to the current share price of $22.79).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.