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Stay Ahead of the Game With Rapid7 (RPD) Q2 Earnings: Wall Street's Insights on Key Metrics
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In its upcoming report, Rapid7 (RPD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 39.7% compared to the same period last year. Revenues are forecasted to be $208.1 million, representing a year-over-year decrease of 2.8%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Rapid7 metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Professional services' to reach $5.45 million. The estimate points to a change of -10.5% from the year-ago quarter.
Analysts predict that the 'Revenue- Product subscriptions' will reach $202.64 million. The estimate points to a change of -2.6% from the year-ago quarter.
Analysts' assessment points toward 'Annualized recurring revenue' reaching $819.93 billion. Compared to the present estimate, the company reported $840.61 billion in the same quarter last year.
Analysts expect 'Number of customers' to come in at 11,461 . The estimate compares to the year-ago value of 11,643 .
It is projected by analysts that the 'ARR per customer' will reach $71374.45 . Compared to the current estimate, the company reported $72200.00 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Non-Gaap Gross Profit- Product subscriptions' of $150.84 million. Compared to the present estimate, the company reported $157.34 million in the same quarter last year.
Over the past month, shares of Rapid7 have returned -5.4% versus the Zacks S&P 500 composite's +3.3% change. Currently, RPD carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With Rapid7 (RPD) Q2 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Rapid7 (RPD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 39.7% compared to the same period last year. Revenues are forecasted to be $208.1 million, representing a year-over-year decrease of 2.8%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Rapid7 metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Professional services' to reach $5.45 million. The estimate points to a change of -10.5% from the year-ago quarter.
Analysts predict that the 'Revenue- Product subscriptions' will reach $202.64 million. The estimate points to a change of -2.6% from the year-ago quarter.
Analysts' assessment points toward 'Annualized recurring revenue' reaching $819.93 billion. Compared to the present estimate, the company reported $840.61 billion in the same quarter last year.
Analysts expect 'Number of customers' to come in at 11,461 . The estimate compares to the year-ago value of 11,643 .
It is projected by analysts that the 'ARR per customer' will reach $71374.45 . Compared to the current estimate, the company reported $72200.00 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Non-Gaap Gross Profit- Product subscriptions' of $150.84 million. Compared to the present estimate, the company reported $157.34 million in the same quarter last year.
View all Key Company Metrics for Rapid7 here>>>Over the past month, shares of Rapid7 have returned -5.4% versus the Zacks S&P 500 composite's +3.3% change. Currently, RPD carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .