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Exploring Analyst Estimates for Rubrik, Inc. (RBRK) Q2 Earnings, Beyond Revenue and EPS
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The upcoming report from Rubrik, Inc. (RBRK - Free Report) is expected to reveal quarterly earnings of $0.04 per share, indicating an increase of 233.3% compared to the year-ago period. Analysts forecast revenues of $396.41 million, representing an increase of 27.9% year over year.
Over the last 30 days, there has been a downward revision of 1.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 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.
That said, let's delve into the average estimates of some Rubrik, Inc. metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Other' should come in at $12.45 million. The estimate indicates a year-over-year change of +13.7%.
The combined assessment of analysts suggests that 'Revenue- Subscription' will likely reach $382.21 million. The estimate indicates a change of +28.7% from the prior-year quarter.
The average prediction of analysts places 'Cloud ARR' at $1480525.00 . The estimate compares to the year-ago value of $1064114.00 .
The consensus estimate for 'Subscription ARR' stands at $1639375.00 . The estimate is in contrast to the year-ago figure of $1252423.00 .
Analysts forecast 'Customers with Subscription ARR of $100,000 or more' to reach 3,074 . Compared to the current estimate, the company reported 2,505 in the same quarter of the previous year.
It is projected by analysts that the 'Gross Profit- Subscription' will reach $317.93 million. The estimate is in contrast to the year-ago figure of $240.93 million.
The collective assessment of analysts points to an estimated 'Gross Profit- Other' of $3.27 million. Compared to the current estimate, the company reported $3.80 million in the same quarter of the previous year.
Over the past month, shares of Rubrik, Inc. have returned +36.7% versus the Zacks S&P 500 composite's +2.3% change. Currently, RBRK carries a Zacks Rank #3 (Hold), suggesting that its performance may align with 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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Exploring Analyst Estimates for Rubrik, Inc. (RBRK) Q2 Earnings, Beyond Revenue and EPS
The upcoming report from Rubrik, Inc. (RBRK - Free Report) is expected to reveal quarterly earnings of $0.04 per share, indicating an increase of 233.3% compared to the year-ago period. Analysts forecast revenues of $396.41 million, representing an increase of 27.9% year over year.
Over the last 30 days, there has been a downward revision of 1.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 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.
That said, let's delve into the average estimates of some Rubrik, Inc. metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Other' should come in at $12.45 million. The estimate indicates a year-over-year change of +13.7%.
The combined assessment of analysts suggests that 'Revenue- Subscription' will likely reach $382.21 million. The estimate indicates a change of +28.7% from the prior-year quarter.
The average prediction of analysts places 'Cloud ARR' at $1480525.00 . The estimate compares to the year-ago value of $1064114.00 .
The consensus estimate for 'Subscription ARR' stands at $1639375.00 . The estimate is in contrast to the year-ago figure of $1252423.00 .
Analysts forecast 'Customers with Subscription ARR of $100,000 or more' to reach 3,074 . Compared to the current estimate, the company reported 2,505 in the same quarter of the previous year.
It is projected by analysts that the 'Gross Profit- Subscription' will reach $317.93 million. The estimate is in contrast to the year-ago figure of $240.93 million.
The collective assessment of analysts points to an estimated 'Gross Profit- Other' of $3.27 million. Compared to the current estimate, the company reported $3.80 million in the same quarter of the previous year.
View all Key Company Metrics for Rubrik, Inc. here>>>Over the past month, shares of Rubrik, Inc. have returned +36.7% versus the Zacks S&P 500 composite's +2.3% change. Currently, RBRK carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .