HashiCorp Inc reports results for the quarter ended in October - Earnings Summary

Hashicorp

08/12/2023 01:01

* HashiCorp Inc  HCP.OQ  reported quarterly adjusted
earnings of 3
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of -13
cents.  The mean expectation of eighteen analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -5 cents to -4 cents per share.
    * Revenue rose 16.6% to $146.13 million from a year ago;
analysts
expected $143.25 million. 
    * HashiCorp Inc's reported EPS for the quarter was a loss
of 20
cents​.
    * The company reported a quarterly loss of $39.47 million.
    * HashiCorp Inc shares had risen by 9.1% this quarter and
lost 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for HashiCorp Inc is
$30.00 
This summary was machine generated from LSEG data December 8 at
01:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      -0.04          0.03           Beat
 Jul. 31 2023      -0.15          -0.10          Beat
 Apr. 30 2023      -0.14          -0.07          Beat
 Jan. 31 2023      -0.23          -0.07          Beat