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What's in Store for CrowdStrike (CRWD) This Earnings Season?
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CrowdStrike Holdings (CRWD - Free Report) is slated to report second-quarter fiscal 2023 results on Aug 30.
The company anticipates second-quarter fiscal 2023 revenues in the range of $512.7 million-$516.8 million. The Zacks Consensus Estimate for the same is pegged at $517.1 million, indicating an improvement of 53.1% from the year-ago quarter.
CrowdStrike expects non-GAAP earnings between 27 cents and 28 cents per share. The Zacks Consensus Estimate for non-GAAP earnings stands at 28 cents per share, suggesting an improvement of 154.6% year over year.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 44.3%.
Let’s see how things have shaped up before this announcement.
CrowdStrike’s second-quarter results are likely to reflect the benefits of the continued solid demand for its products, given the healthy environment of the global security market. The acquisitions of SecureCircle and Humio are likely to have strengthened CRWD’s capabilities and may have attracted new customers during the quarter under review.
The increasing number of people logging into employers' networks has triggered a greater need for security and might have spurred demand for CrowdStrike’s products in the second quarter. A strong pipeline of deals indicates the same.
Additionally, the stellar revenue growth in subscription might have contributed significantly to the second quarter’s top line. Further, the increasing number of net new subscription customers may have acted as a tailwind as well.
Moreover, CrowdStrike’s collaboration with Amazon Web Services (“AWS”) is an upside, benefiting the company from its products’ availability on the AWS platform. The expansion in the volume of transactions through Amazon’s AWS Marketplace, growth in co-selling opportunities with AWS salesforce and the uptake of AWS service integrations are likely to have contributed to CRWD’s earnings in the to-be-reported quarter.
However, elevated expenses for enhancing sales and marketing capabilities and increased investments in research and development are likely to have weighed on CrowdStrike’s second-quarter bottom line.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for CrowdStrike this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Though CrowdStrike currently holds a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Campbell Soup (CPB - Free Report) , Dave & Buster's Entertainment (PLAY - Free Report) and MasterCraft Boat (MCFT - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Campbell Soup carries a Zacks Rank #3 and has an Earnings ESP of +0.60%. The company is slated to report fourth-quarter fiscal 2022 results on Sep 1. Campbell Soup’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 10.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CPB’s fiscal fourth-quarter earnings is pegged at 56 cents per share, indicating a year-over-year increase of 1.8%. The consensus mark for revenues stands at $1.98 billion, suggesting a year-over-year increase of 5.5%.
Dave & Buster's Entertainment will report second-quarter fiscal 2023 results on Sep 7. The company carries a Zacks Rank #3 and has an Earnings ESP of +2.97% at present. Dave & Buster's Entertainment’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing the same on one occasion, the average surprise being 41.1%.
The Zacks Consensus Estimate for quarterly earnings is pegged at $1.01 per share, suggesting a year-over-year decline of 5.6%. PLAY’s quarterly revenues are estimated to increase 14.5% year over year to $432.3 million.
MasterCraft currently carries a Zacks Rank #3 and has an Earnings ESP of +1.74%. The company is slated to report its fourth-quarter fiscal 2022 results on Sep 8. MasterCraft’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 17.4%.
The Zacks Consensus Estimate for MasterCraft’s fourth-quarter earnings stands at $1.49 per share, implying a year-over-year increase of 52%. MCFT is estimated to report revenues of $195.1 million, which suggests an increase of 25.5% from the year-ago quarter.
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What's in Store for CrowdStrike (CRWD) This Earnings Season?
CrowdStrike Holdings (CRWD - Free Report) is slated to report second-quarter fiscal 2023 results on Aug 30.
The company anticipates second-quarter fiscal 2023 revenues in the range of $512.7 million-$516.8 million. The Zacks Consensus Estimate for the same is pegged at $517.1 million, indicating an improvement of 53.1% from the year-ago quarter.
CrowdStrike expects non-GAAP earnings between 27 cents and 28 cents per share. The Zacks Consensus Estimate for non-GAAP earnings stands at 28 cents per share, suggesting an improvement of 154.6% year over year.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 44.3%.
Let’s see how things have shaped up before this announcement.
CrowdStrike Price and EPS Surprise
CrowdStrike price-eps-surprise | CrowdStrike Quote
Factors to Consider
CrowdStrike’s second-quarter results are likely to reflect the benefits of the continued solid demand for its products, given the healthy environment of the global security market. The acquisitions of SecureCircle and Humio are likely to have strengthened CRWD’s capabilities and may have attracted new customers during the quarter under review.
The increasing number of people logging into employers' networks has triggered a greater need for security and might have spurred demand for CrowdStrike’s products in the second quarter. A strong pipeline of deals indicates the same.
Additionally, the stellar revenue growth in subscription might have contributed significantly to the second quarter’s top line. Further, the increasing number of net new subscription customers may have acted as a tailwind as well.
Moreover, CrowdStrike’s collaboration with Amazon Web Services (“AWS”) is an upside, benefiting the company from its products’ availability on the AWS platform. The expansion in the volume of transactions through Amazon’s AWS Marketplace, growth in co-selling opportunities with AWS salesforce and the uptake of AWS service integrations are likely to have contributed to CRWD’s earnings in the to-be-reported quarter.
However, elevated expenses for enhancing sales and marketing capabilities and increased investments in research and development are likely to have weighed on CrowdStrike’s second-quarter bottom line.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for CrowdStrike this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Though CrowdStrike currently holds a Zacks Rank of 3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Campbell Soup (CPB - Free Report) , Dave & Buster's Entertainment (PLAY - Free Report) and MasterCraft Boat (MCFT - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Campbell Soup carries a Zacks Rank #3 and has an Earnings ESP of +0.60%. The company is slated to report fourth-quarter fiscal 2022 results on Sep 1. Campbell Soup’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 10.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CPB’s fiscal fourth-quarter earnings is pegged at 56 cents per share, indicating a year-over-year increase of 1.8%. The consensus mark for revenues stands at $1.98 billion, suggesting a year-over-year increase of 5.5%.
Dave & Buster's Entertainment will report second-quarter fiscal 2023 results on Sep 7. The company carries a Zacks Rank #3 and has an Earnings ESP of +2.97% at present. Dave & Buster's Entertainment’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing the same on one occasion, the average surprise being 41.1%.
The Zacks Consensus Estimate for quarterly earnings is pegged at $1.01 per share, suggesting a year-over-year decline of 5.6%. PLAY’s quarterly revenues are estimated to increase 14.5% year over year to $432.3 million.
MasterCraft currently carries a Zacks Rank #3 and has an Earnings ESP of +1.74%. The company is slated to report its fourth-quarter fiscal 2022 results on Sep 8. MasterCraft’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 17.4%.
The Zacks Consensus Estimate for MasterCraft’s fourth-quarter earnings stands at $1.49 per share, implying a year-over-year increase of 52%. MCFT is estimated to report revenues of $195.1 million, which suggests an increase of 25.5% from the year-ago quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.