Couchbase, Inc. (BASE Quick QuoteBASE - Free Report) reported $51.59 million in revenue for the quarter ended July 2024, representing a year-over-year increase of 19.6%. EPS of -$0.06 for the same period compares to -$0.17 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $51.03 million, representing a surprise of +1.09%. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being -$0.08.

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.

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 Couchbase performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• ARR

  : $214 million versus the five-analyst average estimate of $214.29 million.

• Revenue- Total subscription revenue

  : $49.29 million compared to the $48.84 million average estimate based on six analysts. The reported number represents a change of +20.4% year over year.

• Revenue- Services

  : $2.30 million versus $2.20 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change.

View all Key Company Metrics for Couchbase here>>>

Shares of Couchbase have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.6% 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.