Tenable Holdings Inc reports results for the quarter ended in June - Earnings Summary

Tenable Holdings

31/07/2024 22:02

* Tenable Holdings Inc  TENB.OQ  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 22 cents.  The mean expectation of twenty
one analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 23 cents to 27
cents per share.
    * Revenue rose 13.4% to $221.24 million from a year ago;
analysts
expected $218.44 million. 
    * Tenable Holdings Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $14.57 million.
    * Tenable Holdings Inc shares had risen by 8.2% this
quarter and
gained 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 4
"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 Tenable Holdings
Inc is $57.00 
This summary was machine generated from LSEG data July 31 at
09:02 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
 Jun. 30 2024      0.24           0.31           Beat
 Mar. 31 2024      0.17           0.25           Beat
 Dec. 31 2023      0.14           0.25           Beat
 Sep. 30 2023      0.18           0.23           Beat