Here's What Key Metrics Tell Us About Fortinet (FTNT) Q1 Earnings

Fortinet (FTNT) reported $1.54 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 13.8%. EPS of $0.58 for the same period compares to $0.43 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +9.43%, with the consensus EPS estimate being $0.53.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Fortinet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total billings (Non-GAAP): $1.60 billion versus the 10-analyst average estimate of $1.57 billion.
• Total deferred revenue: $6.42 billion versus the six-analyst average estimate of $6.39 billion.
• Geographic revenues- Total Americas: $629.80 million compared to the $635.09 million average estimate based on two analysts. The reported number represents a change of +13.1% year over year.
• Revenue- Asia Pacific and Japan: $281.50 million versus the two-analyst average estimate of $308.33 million. The reported number represents a year-over-year change of +9.6%.
• Revenue- Europe Middle East and Africa: $628.40 million compared to the $600.09 million average estimate based on two analysts. The reported number represents a change of +16.5% year over year.
• Revenue- Product: $459.10 million versus $443.39 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +12.3% change.
• Revenue- Services: $1.08 billion compared to the $1.09 billion average estimate based on 14 analysts. The reported number represents a change of +14.4% year over year.
• Gross profit- Product Non-GAAP: $311 million versus $279.69 million estimated by 10 analysts on average.
• Gross profit- Service Non-GAAP: $949.30 million versus $958.33 million estimated by 10 analysts on average.
• Gross profit- Product: $309.20 million compared to the $274.11 million average estimate based on four analysts.
• Gross profit- Services: $937.40 million versus the four-analyst average estimate of $956.03 million.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research