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.
CrowdStrike (CRWD) to Report Q4 Earnings: What's in Store?
Read MoreHide Full Article
CrowdStrike Holdings (CRWD - Free Report) is slated to release fourth-quarter fiscal 2021 results on Mar 16.
For the fiscal fourth quarter, the company estimates revenues in the $245.5-$250.5 million band. The Zacks Consensus Estimate for quarterly revenues is pegged at $251.1 million, indicating a 65.1% year-over-year surge.
For the bottom line, management expects to report between 8 cents and 9 cents per share. The Zacks Consensus Estimate for the same stands at 9 cents, indicating a whopping 550% year-over-year surge.
Notably, the company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 202.78%.
Let’s see how things have shaped up for this announcement.
CrowdStrike’s quarterly results are anticipated to reflect benefits from continued solid demand for its products, given the healthy environment of the global security market.
Moreover, as indicated by the company on its last earnings call, solid revenue growth in subscription is expected to have been the primary driver of the top line in the quarter under review. Increasing number of net new subscription customers might have been a key tailwind as well.
Also, a huge global workforce is working remotely in an effort to contain the spread of coronavirus. However, an increasing number of people logging into employers' networks is triggering a greater need for security. This trend might have had spurred demand for CrowdStrike’s products during the fiscal fourth quarter. A strong pipeline of deals is an indicator of this.
Moreover, the typical seasonal decline in the average run rate is expected to have been less pronounced due to the stellar performance in the preceding quarter.
In addition, investment in the collaboration with Amazon's (AMZN - Free Report) AWS is an upside. The company is benefiting from its products’ availability on the AWS platform. Expansion in volume of transactions through the AWS Marketplace, growth in the co-selling opportunities with AWS salesforce, and the uptake of AWS service integrations are likely to have boosted the company’s earnings performance during the period in discussion.
What Our Model Says
Our proven model does not predict an earnings beat for CrowdStrike this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
CrowdStrike currently carries a Zacks Rank of 2 and has an Earnings ESP of -8.86%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming release:
AMETEK, Inc. (AME - Free Report) has an Earnings ESP of +2.68% and carries a Zacks Rank of 3, currently.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Image: Shutterstock
CrowdStrike (CRWD) to Report Q4 Earnings: What's in Store?
CrowdStrike Holdings (CRWD - Free Report) is slated to release fourth-quarter fiscal 2021 results on Mar 16.
For the fiscal fourth quarter, the company estimates revenues in the $245.5-$250.5 million band. The Zacks Consensus Estimate for quarterly revenues is pegged at $251.1 million, indicating a 65.1% year-over-year surge.
For the bottom line, management expects to report between 8 cents and 9 cents per share. The Zacks Consensus Estimate for the same stands at 9 cents, indicating a whopping 550% year-over-year surge.
Notably, the company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 202.78%.
Let’s see how things have shaped up for this announcement.
CrowdStrike Holdings Inc. Price and EPS Surprise
CrowdStrike Holdings Inc. price-eps-surprise | CrowdStrike Holdings Inc. Quote
Factors at Play
CrowdStrike’s quarterly results are anticipated to reflect benefits from continued solid demand for its products, given the healthy environment of the global security market.
Moreover, as indicated by the company on its last earnings call, solid revenue growth in subscription is expected to have been the primary driver of the top line in the quarter under review. Increasing number of net new subscription customers might have been a key tailwind as well.
Also, a huge global workforce is working remotely in an effort to contain the spread of coronavirus. However, an increasing number of people logging into employers' networks is triggering a greater need for security. This trend might have had spurred demand for CrowdStrike’s products during the fiscal fourth quarter. A strong pipeline of deals is an indicator of this.
Moreover, the typical seasonal decline in the average run rate is expected to have been less pronounced due to the stellar performance in the preceding quarter.
In addition, investment in the collaboration with Amazon's (AMZN - Free Report) AWS is an upside. The company is benefiting from its products’ availability on the AWS platform. Expansion in volume of transactions through the AWS Marketplace, growth in the co-selling opportunities with AWS salesforce, and the uptake of AWS service integrations are likely to have boosted the company’s earnings performance during the period in discussion.
What Our Model Says
Our proven model does not predict an earnings beat for CrowdStrike this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
CrowdStrike currently carries a Zacks Rank of 2 and has an Earnings ESP of -8.86%.
Stocks With Favorable Combinations
Here are some companies, which, per our model, have the right combination of elements to post an earnings beat in their upcoming release:
Analog Devices, Inc.(ADI - Free Report) has an Earnings ESP of +0.05% and carries a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
AMETEK, Inc. (AME - Free Report) has an Earnings ESP of +2.68% and carries a Zacks Rank of 3, currently.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>