FMP
Rapid7 Beat Q4 Estimates, But Revenue Guidance Misses Expectations
Feb 8, 2024 7:10 PM - Davit Kirakosyan(Last modified: Feb 9, 2024 1:05 AM)
Image credit: FMP
Rapid7 (NASDAQ:RPD) reported its fourth-quarter earnings, which presented a less-than-optimistic revenue outlook for the full year.
For the fourth quarter, the company reported earnings of $0.72 per share, outperforming the analyst expectation of $0.48 by $0.24. Its quarterly revenue was $205.27 million, exceeding the consensus forecast of $201.26 million.
Looking into the future, Rapid7 anticipates its first-quarter EPS to range from $0.52 to $0.55, significantly surpassing the consensus estimate of $0.40, with projected revenue for the same period between $203 million and $205 million, compared to a consensus of $204.7 million.
For the full year of 2024, the company's EPS forecast ranges from $2.10 to $2.21, notably above the consensus estimate of $1.81. However, the projected revenue for 2024 is set between $848 million and $856 million, which falls short of the expected $870.8 million consensus.
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