Okta Expects Q3 Total Revenue Of $558M-$560M; Est. $552.37M; Adj. EPS Of $0.29-$0.30, Est. $0.20
Portfolio Pulse from Benzinga Newsdesk
Okta has projected its Q3 total revenue to be between $558M-$560M, which is higher than the estimated $552.37M. The company also expects its adjusted EPS to be between $0.29-$0.30, surpassing the estimated $0.20.
August 30, 2023 | 8:05 pm
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POSITIVE IMPACT
Okta's Q3 revenue and adjusted EPS forecasts are higher than estimates, which could positively impact its stock price.
Okta's higher than expected Q3 revenue and adjusted EPS forecasts indicate strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100