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Countdown to CrowdStrike (CRWD) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts forecast that CrowdStrike Holdings (CRWD - Free Report) will report quarterly earnings of $0.29 per share in its upcoming release, pointing to a year-over-year increase of 26.1%. It is anticipated that revenues will amount to $1.44 billion, exhibiting an increase of 23.2% compared to the year-ago quarter.
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 release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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 a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific CrowdStrike metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- Subscription' stands at $1.37 billion. The estimate points to a change of +24.3% from the year-ago quarter.
Analysts forecast 'Revenue- Professional services' to reach $68.03 million. The estimate indicates a change of +3.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Annual recurring revenue (ARR)' of $5793745.00 . The estimate is in contrast to the year-ago figure of $4656682.00 .
It is projected by analysts that the 'Remaining Performance Obligations (RPO)' will reach $9.14 billion. The estimate is in contrast to the year-ago figure of $7.20 billion.
Analysts' assessment points toward 'Non-GAAP subscription gross profit' reaching $1.11 billion. The estimate is in contrast to the year-ago figure of $884.73 million.
Based on the collective assessment of analysts, 'Non-GAAP professional services gross profit' should arrive at $24.05 million. Compared to the current estimate, the company reported $22.68 million in the same quarter of the previous year.
The consensus among analysts is that 'GAAP professional services gross profit' will reach $14.27 million. Compared to the current estimate, the company reported $9.36 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'GAAP subscription gross profit' should come in at $1.08 billion. Compared to the current estimate, the company reported $849.31 million in the same quarter of the previous year.
CrowdStrike shares have witnessed a change of +3.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.8% move. With a Zacks Rank #3 (Hold), CRWD is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to CrowdStrike (CRWD) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts forecast that CrowdStrike Holdings (CRWD - Free Report) will report quarterly earnings of $0.29 per share in its upcoming release, pointing to a year-over-year increase of 26.1%. It is anticipated that revenues will amount to $1.44 billion, exhibiting an increase of 23.2% compared to the year-ago quarter.
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 release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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 a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific CrowdStrike metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- Subscription' stands at $1.37 billion. The estimate points to a change of +24.3% from the year-ago quarter.
Analysts forecast 'Revenue- Professional services' to reach $68.03 million. The estimate indicates a change of +3.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Annual recurring revenue (ARR)' of $5793745.00 . The estimate is in contrast to the year-ago figure of $4656682.00 .
It is projected by analysts that the 'Remaining Performance Obligations (RPO)' will reach $9.14 billion. The estimate is in contrast to the year-ago figure of $7.20 billion.
Analysts' assessment points toward 'Non-GAAP subscription gross profit' reaching $1.11 billion. The estimate is in contrast to the year-ago figure of $884.73 million.
Based on the collective assessment of analysts, 'Non-GAAP professional services gross profit' should arrive at $24.05 million. Compared to the current estimate, the company reported $22.68 million in the same quarter of the previous year.
The consensus among analysts is that 'GAAP professional services gross profit' will reach $14.27 million. Compared to the current estimate, the company reported $9.36 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'GAAP subscription gross profit' should come in at $1.08 billion. Compared to the current estimate, the company reported $849.31 million in the same quarter of the previous year.
View all Key Company Metrics for CrowdStrike here>>>CrowdStrike shares have witnessed a change of +3.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.8% move. With a Zacks Rank #3 (Hold), CRWD is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .