Okta's Earnings: A Preview

Okta OKTA announces its next round of earnings this Thursday, August 27. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.

Earnings and Revenue

Sell-side analysts are expecting Okta's loss per share to be near $0.02 on sales of $186.29 million. Okta reported a per-share loss of $0.05 when it published results during the same quarter last year. Sales in that period totaled $140.48 million. The analyst consensus estimate would represent a 60.0% increase in the company's EPS figure. Revenue would be have grown 8.72% from the same quarter last year. Okta's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Over the last 52-week period, shares are up 72.74%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Don't be surprised to see the stock move on comments made during its conference call. Okta is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://www.okta.com/q2-fy21-earnings-call/