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Okta's Earnings: A Preview

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Okta (NASDAQ: 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:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.17 -0.05 -0.12 -0.11
EPS Actual -0.07 -0.01 -0.07 -0.05
Revenue Estimate 171.35 M 155.85 M 143.70 M 131.18 M
Revenue Actual 182.86 M 167.33 M 153.04 M 140.48 M

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/

 

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Posted-In: Earnings