Okta (OKTA) reported $665 million in income for the quarter ended October 2024, representing a year-over-year improve of 13.9%. EPS of $0.67 for a similar interval compares to $0.44 a 12 months in the past.
The reported income represents a shock of +2.40% over the Zacks Consensus Estimate of $649.42 million. With the consensus EPS estimate being $0.57, the EPS shock was +17.54%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers undertaking a inventory’s value efficiency extra precisely.
Right here is how Okta carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Remaining efficiency obligations: $3.66 billion versus the five-analyst common estimate of $3.51 billion.
- Present remaining efficiency obligations (cRPO): $2.06 billion in comparison with the $1.99 billion common estimate based mostly on 5 analysts.
- Whole Prospects: 19,450 versus the three-analyst common estimate of 19,608.
- TTM Greenback Primarily based Internet Retention Fee: 108% in comparison with the 110% common estimate based mostly on two analysts.
- Income- Subscription: $651 million versus $634.95 million estimated by 10 analysts on common. In comparison with the year-ago quarter, this quantity represents a +14.4% change.
- Income- Skilled companies and different: $14 million in comparison with the $14.26 million common estimate based mostly on 10 analysts. The reported quantity represents a change of -6.7% 12 months over 12 months.
View all Key Company Metrics for Okta here>>>
Shares of Okta have returned +10.4% over the previous month versus the Zacks S&P 500 composite’s +5.8% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out consistent with the broader market within the close to time period.
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Okta, Inc. (OKTA) : Free Stock Analysis Report
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