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

Rapid7

02/11/2023 20:41

* Rapid7 Inc  RPD.OQ  reported quarterly adjusted earnings
of 50
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 14 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 41 cents to 44 cents per share.
    * Revenue rose 13.1% to $198.84 million from a year ago;
analysts
expected $197.06 million. 
    * Rapid7 Inc's reported EPS for the quarter was a loss of
$1.25​.
    * The company reported a quarterly loss of $76.61 million.
    * Rapid7 Inc shares had risen by 0.2% this quarter and
gained 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 66.5%
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 "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 15
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Rapid7 Inc is
$53.65 
This summary was machine generated from LSEG data November 2 at
08:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.42           0.50           Beat
 Jun. 30 2023      0.11           0.18           Beat
 Mar. 31 2023      0.09           0.16           Beat
 Dec. 31 2022      0.18           0.35           Beat