Rapid7 (NASDAQ: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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
