Recap: Rapid7 Q1 Earnings - Rapid7 (NASDAQ:RPD)

Rapid7 RPD reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM.

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

Rapid7 reported in-line EPS of $-0.16 versus an estimate of $-0.16.

Revenue was up $39.93 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 0.56% drop in the share price the next day.

Here's a look at Rapid7's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.16	-0.07	0.02	-0.06
EPS Actual	-0.16	0.06	0.07	-0.03
Revenue Estimate	145.71M	134.22M	122.60M	114.30M
Revenue Actual	151.64M	139.89M	126.42M	117.45M

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).

Rapid7 management provided guidance for FY 2022, expecting earnings between $0.05 and $0.16 per share.

To track all earnings releases for Rapid7 visit their earnings calendar here.

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