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For the quarter, the company expects total revenues of $169 million. The Zacks Consensus Estimate for revenues is pegged at $169.51 million, suggesting growth of 34.42% from the figure reported in the year-ago quarter.
The consensus mark for loss remained at 4 cents per share in the past 30 days. SentinelOne reported a loss of 13 cents in the year-ago quarter.
The company beat the Zacks Consensus Estimate in the last four quarters, delivering an earnings surprise of 33.54% on average.
Let’s see how things have shaped up for this announcement.
Factors to Watch
SentinelOne's fiscal fourth quarter is likely to have benefited from its Singularity platform, which includes endpoint security, cloud security and data lake solutions. The company is expanding its platform into adjacent markets, such as Singularity Cloud and Singularity Data Lake, which rose triple digits in the third quarter.
SentinelOne's introduction of Purple AI, a fully-unified data and security platform, along with advancements in cloud security offerings, is expected to have contributed significantly to the company's performance in the to-be-reported quarter.
In addition to these developments, the launch of PinnacleOne, a strategic advisory practice designed to assist enterprises in building world-class cybersecurity programs, is expected to have provided added value to customers in the fourth quarter.
SentinelOne boasts a total customer base exceeding 11,500, prioritizing customer protection through Managed Security Services Provider (MSSP) partnerships. The company's success in catering to large enterprises and the increasing adoption of its platform are expected to have positively impacted its performance in the fourth quarter.
S is actively expanding its cloud security offerings, aiming to become a comprehensive CNAPP (Cloud Native Application Protection Platform) featuring agent-based and agentless capabilities. This expansion is likely to have strengthened the company's growth in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That’s the exact case here.
SentinelOne has an Earnings ESP of 4.35% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
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SentinelOne (S) to Report Q4 Earnings: What's in the Cards?
SentinelOne (S - Free Report) is set to release fourth-quarter fiscal 2024 results on Mar 13.
For the quarter, the company expects total revenues of $169 million. The Zacks Consensus Estimate for revenues is pegged at $169.51 million, suggesting growth of 34.42% from the figure reported in the year-ago quarter.
The consensus mark for loss remained at 4 cents per share in the past 30 days. SentinelOne reported a loss of 13 cents in the year-ago quarter.
The company beat the Zacks Consensus Estimate in the last four quarters, delivering an earnings surprise of 33.54% on average.
SentinelOne, Inc. Price and EPS Surprise
SentinelOne, Inc. price-eps-surprise | SentinelOne, Inc. Quote
Let’s see how things have shaped up for this announcement.
Factors to Watch
SentinelOne's fiscal fourth quarter is likely to have benefited from its Singularity platform, which includes endpoint security, cloud security and data lake solutions. The company is expanding its platform into adjacent markets, such as Singularity Cloud and Singularity Data Lake, which rose triple digits in the third quarter.
SentinelOne's introduction of Purple AI, a fully-unified data and security platform, along with advancements in cloud security offerings, is expected to have contributed significantly to the company's performance in the to-be-reported quarter.
In addition to these developments, the launch of PinnacleOne, a strategic advisory practice designed to assist enterprises in building world-class cybersecurity programs, is expected to have provided added value to customers in the fourth quarter.
SentinelOne boasts a total customer base exceeding 11,500, prioritizing customer protection through Managed Security Services Provider (MSSP) partnerships. The company's success in catering to large enterprises and the increasing adoption of its platform are expected to have positively impacted its performance in the fourth quarter.
S is actively expanding its cloud security offerings, aiming to become a comprehensive CNAPP (Cloud Native Application Protection Platform) featuring agent-based and agentless capabilities. This expansion is likely to have strengthened the company's growth in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That’s the exact case here.
SentinelOne has an Earnings ESP of 4.35% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Rekor Systems (REKR - Free Report) has an Earnings ESP of +5.72% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Rekor System’s shares have declined 33% year to date. REKR is set to report its fourth-quarter 2023 results on Mar 25.
ADC Therapeutics (ADCT - Free Report) has an Earnings ESP of +57.5% and a Zacks Rank of 3 at present.
ADC Therapeutics shares have increased 171.1% year to date. ADCT is set to report its fourth-quarter 2023 results on Mar 13.
Alpine Immune Sciences (ALPN - Free Report) has an Earnings ESP of +8.57% and a Zacks Rank #3.
Alpine Immune Sciences shares have returned 8.57% year to date. ALPN is set to release its fourth-quarter fiscal 2023 results on Mar 18.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.