Rapid7 Sees Q3 EPS $0.41-$0.44 Vs $0.25 Est.; Revenue $196M-$198M Vs $197.35M Est.; FY23 EPS $1.23-$1.29 Vs $0.85 Est.; Revenue $771M-$775M Vs $776.06M Est.
Portfolio Pulse from Benzinga Newsdesk
Rapid7 has released its Q3 and FY23 guidance, expecting Q3 EPS of $0.41-$0.44, compared to an estimate of $0.25, and revenue of $196M-$198M, compared to an estimate of $197.35M. For FY23, the company anticipates EPS of $1.23-$1.29, compared to an estimate of $0.85, and revenue of $771M-$775M, compared to an estimate of $776.06M. The guidance is based on several assumptions and may be subject to changes.
August 08, 2023 | 8:45 pm
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POSITIVE IMPACT
Rapid7's Q3 and FY23 guidance exceeds estimates, which may positively impact the company's stock in the short term.
Rapid7's guidance for Q3 and FY23 exceeds the estimates, indicating strong performance and growth. This positive outlook could lead to increased investor confidence and demand for the company's stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100