We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rapid7 (RPD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Rapid7 (RPD - Free Report) reported $207.99 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.2%. EPS of $0.58 for the same period compares to $0.18 a year ago.
The reported revenue represents a surprise of +1.93% over the Zacks Consensus Estimate of $204.06 million. With the consensus EPS estimate being $0.52, the EPS surprise was +11.54%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Rapid7 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annualized recurring revenue
: $815.63 billion compared to the $804.38 billion average estimate based on six analysts.
Number of customers
: 11,484 compared to the 11,578 average estimate based on two analysts.
ARR per customer
: $71,000 compared to the $70,950.45 average estimate based on two analysts.
Revenue- Professional services
: $7.92 million versus the seven-analyst average estimate of $7.06 million. The reported number represents a year-over-year change of -9.1%.
Revenue- Products
: $200.07 million versus $195.05 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Non-Gaap Gross Profit- Professional services
: $2.51 million versus the seven-analyst average estimate of $1.32 million.
Non-Gaap Gross Profit- Products
: $151.77 million compared to the $148.44 million average estimate based on seven analysts.
Shares of Rapid7 have returned -18.6% over the past month versus the Zacks S&P 500 composite's -6.7% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rapid7 (RPD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Rapid7 (RPD - Free Report) reported $207.99 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.2%. EPS of $0.58 for the same period compares to $0.18 a year ago.
The reported revenue represents a surprise of +1.93% over the Zacks Consensus Estimate of $204.06 million. With the consensus EPS estimate being $0.52, the EPS surprise was +11.54%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Rapid7 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 Rapid7 here>>>Annualized recurring revenue
: $815.63 billion compared to the $804.38 billion average estimate based on six analysts.Number of customers
: 11,484 compared to the 11,578 average estimate based on two analysts.ARR per customer
: $71,000 compared to the $70,950.45 average estimate based on two analysts.Revenue- Professional services
: $7.92 million versus the seven-analyst average estimate of $7.06 million. The reported number represents a year-over-year change of -9.1%.Revenue- Products
: $200.07 million versus $195.05 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.Non-Gaap Gross Profit- Professional services
: $2.51 million versus the seven-analyst average estimate of $1.32 million.Non-Gaap Gross Profit- Products
: $151.77 million compared to the $148.44 million average estimate based on seven analysts.Shares of Rapid7 have returned -18.6% over the past month versus the Zacks S&P 500 composite's -6.7% 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.