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.
Rapid7 (RPD) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended March 2023, Rapid7 (RPD - Free Report) reported revenue of $183.17 million, up 16.4% over the same period last year. EPS came in at $0.16, compared to -$0.16 in the year-ago quarter.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $181.34 million. With the consensus EPS estimate being $0.08, the EPS surprise was +100.00%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Rapid7 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annualized recurring revenue: $727.85 billion versus the seven-analyst average estimate of $727.44 billion.
Number of customers: 11034 compared to the 10969.96 average estimate based on three analysts.
ARR per customer: $66,000 versus $66,541.14 estimated by three analysts on average.
Revenue- Professional services: $9.40 million compared to the $8.62 million average estimate based on eight analysts. The reported number represents a change of +12.5% year over year.
Revenue- Products: $173.77 million versus $172.72 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +16.6% change.
Non-Gaap Gross Profit- Professional services: $2.31 million versus $1.26 million estimated by eight analysts on average.
Non-Gaap Gross Profit- Products: $132.08 million compared to the $130.05 million average estimate based on eight analysts.
Shares of Rapid7 have returned +2.7% over the past month versus the Zacks S&P 500 composite's +0.9% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rapid7 (RPD) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2023, Rapid7 (RPD - Free Report) reported revenue of $183.17 million, up 16.4% over the same period last year. EPS came in at $0.16, compared to -$0.16 in the year-ago quarter.
The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $181.34 million. With the consensus EPS estimate being $0.08, the EPS surprise was +100.00%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Rapid7 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annualized recurring revenue: $727.85 billion versus the seven-analyst average estimate of $727.44 billion.
- Number of customers: 11034 compared to the 10969.96 average estimate based on three analysts.
- ARR per customer: $66,000 versus $66,541.14 estimated by three analysts on average.
- Revenue- Professional services: $9.40 million compared to the $8.62 million average estimate based on eight analysts. The reported number represents a change of +12.5% year over year.
- Revenue- Products: $173.77 million versus $172.72 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +16.6% change.
- Non-Gaap Gross Profit- Professional services: $2.31 million versus $1.26 million estimated by eight analysts on average.
- Non-Gaap Gross Profit- Products: $132.08 million compared to the $130.05 million average estimate based on eight analysts.
View all Key Company Metrics for Rapid7 here>>>Shares of Rapid7 have returned +2.7% over the past month versus the Zacks S&P 500 composite's +0.9% 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.