Rapid7 Inc expected to post earnings of 54 cents a share - Earnings Preview

Rapid7

04/05/2024 03:25

* Rapid7 Inc  RPD.OQ   RPD.O  is expected to show a rise in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Boston Massachusetts-based  company is expected to
report a
11.4% increase in revenue to $204.026 million from $183.17
million a year ago, according to the mean estimate from 20
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue between
$203.00 million and $205.00 million.
    * ​LSEG's mean analyst estimate for Rapid7 Inc is for
earnings of
54 cents per share. The company's EPS guidance on February 7
2024, for the period ended March 31, was between $0.52 and
$0.55 
    * 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
$60.00​, above​ its last closing price of $45.21. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD37 million and USD39 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  
 Dec. 31 2023  0.48        0.48       0.72      Beat    51.4
 Jan. 1 2023   0.42        0.42       0.50      Beat    18.7
 Jan. 1 0001   0.11        0.11       0.18      Beat    65.1​
 Jan. 1 0001   0.09        0.09       0.16      Beat    87.1
 ​​Jan.        0.18        0.18       0.35      Beat    95.2
 1 0001                                                 
 Sep. 30 2022  0.06        0.06       0.14      Beat    143.9​
 Jun. 30 2022  -0.02       -0.03      -0.01     Beat    66
 Mar. 31 2022  -0.15       -0.15      -0.16     Missed  -8.3
 This summary was machine generated May 4 at 02:25 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)