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.
Other Blogs
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Budget-Friendly Trading Laptops: Maximizing Value without Compromising Performance
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Understanding Profitability Metrics: Exploring ROE, ROA, and Net Profit Margin
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
