On Thursday, March 7, Okta OKTA will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Okta EPS will likely be near a loss of 8 cents while revenue will be around $107.95 million, according to analysts.
In the same quarter last year, Okta announced an EPS loss of 10 cents on revenue of $77.75 million. Revenue would be up 38.84 percent on a year-over-year basis. Here's how the company's EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
EPS Estimate | -0.11 | -0.19 | -0.16 | -0.16 |
EPS Actual | -0.04 | -0.15 | -0.09 | -0.1 |
Stock Performance
Over the last 52-week period, shares are up 113.74 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Okta stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Okta's Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/dcyiz2ii
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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