Rapid7: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Rapid7 (NASDAQ:RPD) reported Q4 earnings with an EPS of $0.72, beating estimates by 50% and showing a revenue increase of $20.79 million from the previous year. This follows a pattern of exceeding EPS estimates in previous quarters, with a notable share price increase of 2.77% the day after last quarter's earnings announcement.
February 07, 2024 | 9:35 pm
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Rapid7 reported a significant beat on Q4 earnings and a notable year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Rapid7's Q4 earnings beat and consistent history of surpassing EPS estimates suggest a positive short-term impact on its stock price. The company's performance, especially the 2.77% share price increase following last quarter's earnings beat, indicates a strong investor confidence that could continue to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100