3 Years Ago
1 Min Read
Waiting for OKTA's upcoming earnings report? A closer look at the stock:
Okta Inc Cl A (OKTA) is going to report earnings on August 31. Here's a few things you should know about before the report drops.
A consensus of analyst reports suggests Okta Inc Cl A will report an EPS (earnings per share) of -$0.30, GAAP of -$1.47, on revenue of $430.66M. Over the last 90 days, analysts have lowered estimates 15 times and raised them 6 times.
If you're a bull you'll primarily care about three things. The first is that the reported EPS beat analysts estimates. The second is that the beat is on higher than expected revenues. Third, that the company guides analysts to robust growth going forward. If all check out, the stock should react accordingly.
If you're a bear you'll primarily care about two things. The first is that the reported EPS underperformed analysts estimates. The stock should move on just that news alone. The second is that the report paints a pretty depressing picture of how the company will decelerate or even see a decline in revenues over the following quarters. EPS underperformance, and a negative growth story, those are the things to watch.
If you haven't traded too many earnings reports, it's important to be aware that a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report. As you see more of these reports, your ability to recognize changes in investor sentiment will improve.
Share price moves can have an impact on existing shareholder sentiment. As of August 23 shares of OKTA are trading at $93.5. Over the last 52-week period, the price is down -66.16%.
A consensus of analyst reports suggests Okta Inc Cl A will report an EPS (earnings per share) of -$0.30, GAAP of -$1.47, on revenue of $430.66M. Over the last 90 days, analysts have lowered estimates 15 times and raised them 6 times.
If you're a bull you'll primarily care about three things. The first is that the reported EPS beat analysts estimates. The second is that the beat is on higher than expected revenues. Third, that the company guides analysts to robust growth going forward. If all check out, the stock should react accordingly.
If you're a bear you'll primarily care about two things. The first is that the reported EPS underperformed analysts estimates. The stock should move on just that news alone. The second is that the report paints a pretty depressing picture of how the company will decelerate or even see a decline in revenues over the following quarters. EPS underperformance, and a negative growth story, those are the things to watch.
If you haven't traded too many earnings reports, it's important to be aware that a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report. As you see more of these reports, your ability to recognize changes in investor sentiment will improve.
Share price moves can have an impact on existing shareholder sentiment. As of August 23 shares of OKTA are trading at $93.5. Over the last 52-week period, the price is down -66.16%.
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