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Okta (OKTA) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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The upcoming report from Okta (OKTA - Free Report) is expected to reveal quarterly earnings of $0.96 per share, indicating an increase of 5.5% compared to the year-ago period. Analysts forecast revenues of $792.14 million, representing an increase of 8.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Okta metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Subscription' reaching $781.51 million. The estimate points to a change of +9.9% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Professional services and other' will reach $10.59 million. The estimate indicates a change of -37.7% from the prior-year quarter.
The average prediction of analysts places 'Current remaining performance obligations (cRPO)' at $2.51 billion. The estimate compares to the year-ago value of $2.27 billion.
Analysts expect 'Remaining performance obligations' to come in at $4.73 billion. The estimate compares to the year-ago value of $4.15 billion.
The combined assessment of analysts suggests that 'Gross margin- Subscription' will likely reach 79.8%. Compared to the present estimate, the company reported 80.0% in the same quarter last year.
Analysts predict that the 'Total Customers' will reach 20,919 . The estimate is in contrast to the year-ago figure of 20,000 .
Over the past month, Okta shares have recorded returns of -1.4% versus the Zacks S&P 500 composite's +2.8% change. Based on its Zacks Rank #2 (Buy), OKTA will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Okta (OKTA) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from Okta (OKTA - Free Report) is expected to reveal quarterly earnings of $0.96 per share, indicating an increase of 5.5% compared to the year-ago period. Analysts forecast revenues of $792.14 million, representing an increase of 8.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Okta metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Subscription' reaching $781.51 million. The estimate points to a change of +9.9% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Professional services and other' will reach $10.59 million. The estimate indicates a change of -37.7% from the prior-year quarter.
The average prediction of analysts places 'Current remaining performance obligations (cRPO)' at $2.51 billion. The estimate compares to the year-ago value of $2.27 billion.
Analysts expect 'Remaining performance obligations' to come in at $4.73 billion. The estimate compares to the year-ago value of $4.15 billion.
The combined assessment of analysts suggests that 'Gross margin- Subscription' will likely reach 79.8%. Compared to the present estimate, the company reported 80.0% in the same quarter last year.
Analysts predict that the 'Total Customers' will reach 20,919 . The estimate is in contrast to the year-ago figure of 20,000 .
View all Key Company Metrics for Okta here>>>Over the past month, Okta shares have recorded returns of -1.4% versus the Zacks S&P 500 composite's +2.8% change. Based on its Zacks Rank #2 (Buy), OKTA will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .