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Rapid7 (RPD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Rapid7 (RPD - Free Report) reported $205.27 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.3%. EPS of $0.72 for the same period compares to $0.35 a year ago.
The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $201.52 million. With the consensus EPS estimate being $0.48, the EPS surprise was +50.00%.
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: $805.67 billion versus $803.82 billion estimated by seven analysts on average.
Number of customers: 11,526 versus 11,596 estimated by three analysts on average.
ARR per customer: $69,900 compared to the $69,806.42 average estimate based on three analysts.
Revenue- Professional services: $10.45 million versus the eight-analyst average estimate of $10.27 million. The reported number represents a year-over-year change of -9.8%.
Revenue- Products: $194.82 million compared to the $191.15 million average estimate based on eight analysts. The reported number represents a change of +12.7% year over year.
Non-Gaap Gross Profit- Professional services: $3.01 million versus the eight-analyst average estimate of $2.73 million.
Non-Gaap Gross Profit- Products: $142.51 million compared to the $145.99 million average estimate based on eight analysts.
Shares of Rapid7 have returned +6.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.
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Rapid7 (RPD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Rapid7 (RPD - Free Report) reported $205.27 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.3%. EPS of $0.72 for the same period compares to $0.35 a year ago.
The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $201.52 million. With the consensus EPS estimate being $0.48, the EPS surprise was +50.00%.
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: $805.67 billion versus $803.82 billion estimated by seven analysts on average.
- Number of customers: 11,526 versus 11,596 estimated by three analysts on average.
- ARR per customer: $69,900 compared to the $69,806.42 average estimate based on three analysts.
- Revenue- Professional services: $10.45 million versus the eight-analyst average estimate of $10.27 million. The reported number represents a year-over-year change of -9.8%.
- Revenue- Products: $194.82 million compared to the $191.15 million average estimate based on eight analysts. The reported number represents a change of +12.7% year over year.
- Non-Gaap Gross Profit- Professional services: $3.01 million versus the eight-analyst average estimate of $2.73 million.
- Non-Gaap Gross Profit- Products: $142.51 million compared to the $145.99 million average estimate based on eight analysts.
View all Key Company Metrics for Rapid7 here>>>Shares of Rapid7 have returned +6.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.