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

Okta

03/12/2024 22:02

* Okta Inc  OKTA.OQ  reported quarterly adjusted earnings of
67
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of thirty six analysts for the
quarter was for earnings of 58 cents per share. Wall Street
expected results to range from 53 cents to 59 cents per share.
    * Revenue rose 13.9% to $665.00 million from a year ago;
analysts
expected $649.70 million. 
    * Okta Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $16 million.
    * Okta Inc shares had risen by 8.8% this quarter and
lost 10.7% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 23
"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
$92.00 
This summary was machine generated from LSEG data December 3 at
10:01 p.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 2024      0.58           0.67           Beat
 Jul. 31 2024      0.61           0.72           Beat
 Apr. 30 2024      0.55           0.65           Beat
 Jan. 31 2024      0.51           0.63           Beat