Recap: Okta Q4 Earnings - Okta (NASDAQ:OKTA)

Okta OKTA reported its Q4 earnings results on Wednesday, March 2, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Okta beat estimated earnings by 25.0%, reporting an EPS of $-0.18 versus an estimate of $-0.24.

Revenue was up $148.28 million from the same period last year.

Last quarter the company beat on EPS by $0.17 which was followed by a 11.66% increase in the share price the next day.

Here's a look at Okta's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	-0.24	-0.35	-0.2	-0.01
EPS Actual	-0.07	-0.11	-0.1	0.06
Revenue Estimate	327.00M	296.52M	238.31M	221.85M
Revenue Actual	350.68M	315.50M	251.01M	234.74M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Okta management provided guidance for their next quarter, expecting earnings between $-0.35 and $-0.34 per share for the next quarter.

This represents a -91.67% in quarter-over-quarter growth for Okta, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.