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Is CrowdStrike (CRWD) A Buy Heading into Fiscal Q1 Earnings Announcement?
Popular cloud-based protection provider CrowdStrike (CRWD - Free Report) is set to report fiscal first-quarter earnings results on Tuesday after the close. CrowdStrike, a Zacks Rank #3 (Hold), has exceeded the earnings mark in each of the last four quarters. But with competition heating up in the cloud protection space, is CRWD a buy?
CRWD is expected to post a profit of $0.43/share, which would reflect growth of 43.33% versus the same quarter last year. Estimates for the quarter have held steady over the past 60 days. Sales are projected to climb 44.93% to $624.68 million.
CrowdStrike has exceeded the mark on earnings in each of the past four quarters, with an average beat of 34.59% over that timeframe. CRWD is part of the Zacks Internet – Software industry, which currently ranks in the top 33% of all Zacks ranked Industries. Shares have risen nearly 20% to kick off the New Year.
CRWD is showing a -2.7% Earnings ESP (Expected Surprise Prediction), indicating our proven model does not definitively predict an earnings beat this time around, and may possibly miss expectations. Higher R&D expenses may weigh on the company’s bottom line.