Rapid7 Inc reports results for the quarter ended in September 30 - Earnings Summary

Rapid7

07/11/2024 04:27

* Rapid7 Inc  RPD.OQ  reported quarterly adjusted earnings
of 66
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 50 cents.  The mean expectation of twenty two analysts for
the quarter was for earnings of 52 cents per share. Wall Street
expected results to range from 50 cents to 53 cents per share.
    * Revenue rose 8% to $214.65 million from a year ago;
analysts
expected $209.67 million. 
    * Rapid7 Inc's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $16.55
million.
    * Rapid7 Inc shares had risen by 0.5% this quarter and
lost 29.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 9 "strong buy" or "buy," 15
"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
$42.00 
This summary was machine generated from LSEG data November 7 at
04:27 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
 Sep. 30 2024      0.52           0.66           Beat
 Jun. 30 2024      0.52           0.58           Beat
 Mar. 31 2024      0.54           0.55           Beat
 Dec. 31 2023      0.48           0.72           Beat