Okta Inc reports results for the quarter ended January 31 - Earnings Summary

Okta

04/03/2025 01:05

Okta Inc OKTA.OQ reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 63 cents.  The mean expectation of thirty six analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 71 cents to 85 cents per share.

Revenue rose 12.7% to $682.00 million from a year ago; analysts expected $669.46 million.

Okta Inc's reported EPS for the quarter was 13 cents​.

The company reported quarterly net income of $23 million.

Okta Inc shares had risen by 14.8% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 5.8% 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 22 "strong buy" or "buy," 18 "hold" and 1 "sell" or "strong sell."

The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Okta Inc is $105.50

This summary was machine generated from LSEG data March 4 at 01:04 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
Jan. 31 2025
0.74
0.78
Beat
Oct. 31 2024
0.58
0.67
Beat
Jul. 31 2024
0.61
0.72
Beat
Apr. 30 2024
0.55
0.65
Beat