Okta Sees Q1 Adj. EPS $0.54-$0.55 vs $0.42 Est., Total Revenue $603M-$605M vs $584.89M Est.
Portfolio Pulse from Benzinga Newsdesk
Okta forecasts Q1 adjusted EPS of $0.54-$0.55, surpassing the estimated $0.42, and anticipates total revenue between $603M-$605M, exceeding the expected $584.89M.
February 28, 2024 | 9:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Okta projects a higher Q1 adjusted EPS and revenue than analysts' expectations, indicating strong financial performance.
Okta's projection of a higher adjusted EPS and revenue for Q1 than analysts' estimates suggests a strong financial performance. This positive outlook is likely to instill confidence among investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100