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Compared to Estimates, CrowdStrike (CRWD) Q1 Earnings: A Look at Key Metrics
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CrowdStrike Holdings (CRWD - Free Report) reported $692.58 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 42%. EPS of $0.57 for the same period compares to $0.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $677.3 million, representing a surprise of +2.26%. The company delivered an EPS surprise of +14.00%, with the consensus EPS estimate being $0.50.
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.
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 CrowdStrike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annual recurring revenue (ARR): $2,730,000 versus $2,740,524 estimated by eight analysts on average.
Revenue- Subscription: $651.18 million versus $635.32 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +41.6% change.
Revenue- Professional services: $41.41 million versus $37.75 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +47.8% change.
Non-GAAP Gross Profit- Subscription: $521.62 million compared to the $499.44 million average estimate based on eight analysts.
Non-GAAP Gross Profit- Professional services: $18.91 million compared to the $16.49 million average estimate based on eight analysts.
GAAP Professional Services Gross Profit: $14.28 million compared to the $13.89 million average estimate based on two analysts.
GAAP Subscription Gross Profit: $509.08 million compared to the $485.25 million average estimate based on two analysts.
Shares of CrowdStrike have returned +35.9% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, CrowdStrike (CRWD) Q1 Earnings: A Look at Key Metrics
CrowdStrike Holdings (CRWD - Free Report) reported $692.58 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 42%. EPS of $0.57 for the same period compares to $0.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $677.3 million, representing a surprise of +2.26%. The company delivered an EPS surprise of +14.00%, with the consensus EPS estimate being $0.50.
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.
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 CrowdStrike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annual recurring revenue (ARR): $2,730,000 versus $2,740,524 estimated by eight analysts on average.
- Revenue- Subscription: $651.18 million versus $635.32 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +41.6% change.
- Revenue- Professional services: $41.41 million versus $37.75 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +47.8% change.
- Non-GAAP Gross Profit- Subscription: $521.62 million compared to the $499.44 million average estimate based on eight analysts.
- Non-GAAP Gross Profit- Professional services: $18.91 million compared to the $16.49 million average estimate based on eight analysts.
- GAAP Professional Services Gross Profit: $14.28 million compared to the $13.89 million average estimate based on two analysts.
- GAAP Subscription Gross Profit: $509.08 million compared to the $485.25 million average estimate based on two analysts.
View all Key Company Metrics for CrowdStrike here>>>Shares of CrowdStrike have returned +35.9% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.