Rapid7 Inc expected to post earnings of 48 cents a share - Earnings Preview

Rapid7

05/02/2024 21:22

* Rapid7 Inc  RPD.OQ   RPD.O  is expected to show a rise in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Boston Massachusetts-based  company is expected to
report a
9.3% increase in revenue to $201.719 million from $184.48
million a year ago, according to the mean estimate from 20
analysts, based on LSEG data.The company's guidance on November
1 2023, for the period ended December 31, was for revenue
between $200.00 million and $202.00 million. (Revenue majority
is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Rapid7 Inc is for
earnings of
48 cents per share. The company's EPS guidance on November 1
2023, for the period ended December 31, was between $0.47 and
$0.49 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 13
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rapid7 Inc
is
$61.00​, above​ its last closing price of $56.79. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD33 million and USD35 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.42        0.42       0.50      Beat    18.7
 Jun. 30 2023  0.11        0.11       0.18      Beat    65.1
 Mar. 31 2023  0.09        0.09       0.16      Beat    87.1​
 Dec. 31 2022  0.18        0.18       0.35      Beat    95.2
 ​​Sep.        0.06        0.06       0.14      Beat    143.9
 30 2022                                                
 Jun. 30 2022  -0.02       -0.03      -0.01     Beat    66​
 Mar. 31 2022  -0.15       -0.15      -0.16     Missed  -8.3
 Dec. 31 2021  -0.17       -0.17      -0.16     Beat    3.2
 This summary was machine generated February 5 at 21:22 GMT.  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)