SentinelOne Reports Mixed Q1 Results: EPS Miss, Sales Beat
Portfolio Pulse from Erica Kollmann
SentinelOne, Inc. (NYSE:S) reported mixed Q1 results with an EPS miss and a sales beat. The company reported a quarterly loss of 23 cents per share, missing the analyst consensus estimate by 360%. However, quarterly sales came in at $186.4 million, beating the estimate by 2.93% and representing a 39.74% increase year-over-year. Despite positive revenue growth and the first-ever quarter of positive free cash flow, the stock fell 12.6% after-hours.
May 30, 2024 | 9:22 pm
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SentinelOne reported a significant EPS miss but a sales beat for Q1. Despite strong revenue growth and positive free cash flow, the stock fell 12.6% after-hours.
The significant EPS miss overshadowed the sales beat and positive cash flow milestones, leading to a 12.6% drop in the stock price after-hours. Investors are likely concerned about the larger-than-expected losses.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100