Rapid7 Q1 2024 Adj EPS $0.55 Beats $0.54 Estimate, Sales $205.101M Beat $204.026M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rapid7 (NASDAQ:RPD) reported Q1 2024 adjusted EPS of $0.55, surpassing the $0.54 estimate, marking a 243.75% increase from last year's $0.16. Sales reached $205.101M, exceeding the $204.026M estimate, up 11.97% from $183.174M in the same period last year.
May 07, 2024 | 8:53 pm
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POSITIVE IMPACT
Rapid7 reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.55 against a $0.54 estimate and sales of $205.101M against a $204.026M estimate.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The substantial year-over-year growth in earnings and sales further underscores the company's strong performance and potential for future growth, making this news highly relevant and important for investors in RPD.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100