Rapid7 Sees Q1 Adj. EPS $0.52-$0.55 vs $0.40 Est., Revenue $203M-$205M vs $204.94M Est.; Sees FY24 Adj. EPS $2.10-$2.21 vs $1.79 Est., Revenue $848M-$856M vs $870.23M Est.
Portfolio Pulse from Benzinga Newsdesk
Rapid7 announced its Q1 adjusted EPS to be between $0.52-$0.55, surpassing the estimated $0.40, with revenue projections of $203M-$205M, closely aligning with the $204.94M estimate. For FY24, the company forecasts an adjusted EPS of $2.10-$2.21, exceeding the $1.79 estimate, but anticipates revenues of $848M-$856M, slightly below the $870.23M expectation.
February 07, 2024 | 10:40 pm
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POSITIVE IMPACT
Rapid7's Q1 adjusted EPS forecast beats estimates, with revenue projections in line. FY24 EPS outlook is positive, but revenue expectations are slightly lower than anticipated.
Rapid7's higher than expected Q1 EPS forecast and positive FY24 EPS outlook are likely to positively impact investor sentiment and the stock price in the short term. However, the slightly lower revenue projections for FY24 might temper some of the enthusiasm, but the overall impact is expected to be positive due to the strong earnings outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100