Rapid7 Beat Q4 Estimates, But Revenue Guidance Misses Expectations
Rapid7 Beat Q4 Estimates, But Revenue Guidance Misses Expectations

Rapid7 Beat Q4 Estimates, But Revenue Guidance Misses Expectations

Feb. 8, 2024, 3:10 p.m., readers: 15

Rapid7 (NASDAQ:RPD) reported its fourth-quarter earnings, which presented a less-than-optimistic revenue outlook for the full year. For the fourth quarter, the company reported earnings of $0.72 per share, outperforming the analyst expectation of $0.48 by $0.24. Its quarterly revenue was $205.27 million, exceeding the consensus forecast of $201.26 million. Looking into the future, Rapid7 anticipates its first-quarter EPS to range from $0.52 to $0.55, significantly surpassing the consensus estimate of $0.40, with projected revenue for the same period between $203 million and $205 million, compared to a consensus of $204.7 million. For the full year of 2024, the company's EPS forecast ranges from $2.10 to $2.21, notably above the consensus estimate of $1.81. However, the projected revenue for 2024 is set between $848 million and $856 million, which falls short of the expected $870.8 million consensus.


About NASDAQ: RPD

R apid7, Inc. provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution;

Price: 54.73
Market cap: 3.4 billion USD
Eps: -2.46
P/e ratio: -22.25
Terminal Research: RPD