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Check Point Software Technologies Ltd. (CHKP) - free report >>
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Check Point Software Technologies Ltd. (CHKP) - free report >>
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Insights Into Check Point (CHKP) Q1: Wall Street Projections for Key Metrics
In its upcoming report, Check Point Software (CHKP - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.01 per share, reflecting an increase of 11.7% compared to the same period last year. Revenues are forecasted to be $594.83 million, representing a year-over-year increase of 5.1%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Check Point metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Total revenues from products and security subscriptions' will reach $361.24 million. The estimate points to a change of +7.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Software updates and maintenance' of $233.55 million. The estimate suggests a change of +1.5% year over year.
Analysts expect 'Revenues- Products and licenses' to come in at $101.35 million. The estimate indicates a change of -6.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Security Subscriptions' will likely reach $260.58 million. The estimate points to a change of +14.2% from the year-ago quarter.
View all Key Company Metrics for Check Point here>>>
Check Point shares have witnessed a change of -4.3% in the past month, in contrast to the Zacks S&P 500 composite's -4% move. With a Zacks Rank #3 (Hold), CHKP is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>