Rapid7 Inc reports results for the quarter ended in December - Earnings Summary

Rapid7

07/02/2024 22:36

* Rapid7 Inc  RPD.OQ  reported quarterly adjusted earnings
of 72
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 35
cents.  The mean expectation of twenty one analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 46 cents to 49 cents per share.
    * Revenue rose 11.3% to $205.27 million from a year ago;
analysts
expected $201.72 million. 
    * Rapid7 Inc's reported EPS for the quarter was 27 cents​.
    * The company reported quarterly net income of $20.05
million.
    * Rapid7 Inc shares had risen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 9 "strong buy" or "buy," 13
"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 Rapid7 Inc is
$61.00 
This summary was machine generated from LSEG data February 7 at
10:36 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
 Dec. 31 2023      0.48           0.72           Beat
 Sep. 30 2023      0.42           0.50           Beat
 Jun. 30 2023      0.11           0.18           Beat
 Mar. 31 2023      0.09           0.16           Beat