Rapid7 Sees Q3 Adj. EPS $0.50-$0.53 vs $0.53 Est., Revenue $209M-$211M vs $209.24M Est.; Sees FY24 Adj. EPS $2.15-$2.20 vs $2.17 Est., Revenue $833M-$837M vs $833.58M Est.
Portfolio Pulse from Benzinga Newsdesk
Rapid7 has provided its Q3 and FY24 financial guidance. For Q3, the company expects adjusted EPS between $0.50 and $0.53, slightly below the $0.53 estimate, and revenue between $209M and $211M, in line with the $209.24M estimate. For FY24, Rapid7 anticipates adjusted EPS between $2.15 and $2.20, close to the $2.17 estimate, and revenue between $833M and $837M, aligning with the $833.58M estimate.
August 06, 2024 | 10:00 pm
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Rapid7's Q3 guidance shows adjusted EPS slightly below estimates, while revenue aligns with expectations. FY24 outlook is close to estimates.
The Q3 adjusted EPS guidance is slightly below the market estimate, which could create a minor negative sentiment. However, the revenue guidance is in line with expectations, which may neutralize the impact. The FY24 guidance is close to estimates, suggesting stability.
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