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SolarWinds (SWI) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, SolarWinds (SWI - Free Report) reported revenue of $193.25 million, up 4.4% over the same period last year. EPS came in at $0.26, compared to $0.21 in the year-ago quarter.
The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $188.53 million. With the consensus EPS estimate being $0.22, the EPS surprise was +18.18%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SolarWinds performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Subscription
: $70.03 million versus the three-analyst average estimate of $66.52 million. The reported number represents a year-over-year change of +31.2%.
Revenue- License
: $12.91 million versus $10.91 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -17.2% change.
Revenue- Total Recurring
: $180.34 million versus $177.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
Revenue- Maintenance
: $110.31 million versus $111.13 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5% change.
Shares of SolarWinds have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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SolarWinds (SWI) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, SolarWinds (SWI - Free Report) reported revenue of $193.25 million, up 4.4% over the same period last year. EPS came in at $0.26, compared to $0.21 in the year-ago quarter.
The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $188.53 million. With the consensus EPS estimate being $0.22, the EPS surprise was +18.18%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how SolarWinds performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for SolarWinds here>>>Revenue- Subscription
: $70.03 million versus the three-analyst average estimate of $66.52 million. The reported number represents a year-over-year change of +31.2%.Revenue- License
: $12.91 million versus $10.91 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -17.2% change.Revenue- Total Recurring
: $180.34 million versus $177.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.Revenue- Maintenance
: $110.31 million versus $111.13 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5% change.Shares of SolarWinds have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.