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JFrog (FROG) Reports Q2 Earnings: What Key Metrics Have to Say
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JFrog Ltd. (FROG - Free Report) reported $103.04 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 22.4%. EPS of $0.15 for the same period compares to $0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $103.53 million, representing a surprise of -0.47%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.14.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JFrog performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Customers >$100k in ARR
: 928 compared to the 936 average estimate based on two analysts.
Revenue- Subscription- self-managed and SaaS
: $98.40 million versus the seven-analyst average estimate of $98.83 million. The reported number represents a year-over-year change of +23.8%.
Revenue- License- self-managed
: $4.64 million versus $4.74 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
Revenue- Subscription- Self-managed
: $63.77 million versus $59.24 million estimated by six analysts on average.
Revenue- Subscription- SaaS
: $39.28 million versus the six-analyst average estimate of $39.58 million.
Shares of JFrog have returned -3.5% over the past month versus the Zacks S&P 500 composite's -6.5% 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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JFrog (FROG) Reports Q2 Earnings: What Key Metrics Have to Say
JFrog Ltd. (FROG - Free Report) reported $103.04 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 22.4%. EPS of $0.15 for the same period compares to $0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $103.53 million, representing a surprise of -0.47%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.14.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JFrog 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 JFrog here>>>Customers >$100k in ARR
: 928 compared to the 936 average estimate based on two analysts.Revenue- Subscription- self-managed and SaaS
: $98.40 million versus the seven-analyst average estimate of $98.83 million. The reported number represents a year-over-year change of +23.8%.Revenue- License- self-managed
: $4.64 million versus $4.74 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.Revenue- Subscription- Self-managed
: $63.77 million versus $59.24 million estimated by six analysts on average.Revenue- Subscription- SaaS
: $39.28 million versus the six-analyst average estimate of $39.58 million.Shares of JFrog have returned -3.5% over the past month versus the Zacks S&P 500 composite's -6.5% 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.