Wall Street analysts expect CrowdStrike Holdings (CRWD) to post quarterly earnings of $0.66 per share in its upcoming report, which indicates a year-over-year decline of 29%. Revenues are expected to be $1.1 billion, up 19.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific CrowdStrike metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue- Subscription' to reach $1.05 billion. The estimate suggests a change of +20.9% year over year.
It is projected by analysts that the 'Revenue- Professional services' will reach $49.90 million. The estimate indicates a change of +2.1% from the prior-year quarter.
Analysts' assessment points toward 'Annual recurring revenue (ARR)' reaching $4,414,212.00. Compared to the present estimate, the company reported $3,646,881 in the same quarter last year.
The consensus estimate for 'Remaining Performance Obligations (RPO)' stands at $6.07 billion. Compared to the present estimate, the company reported $4.7 billion in the same quarter last year.
According to the collective judgment of analysts, 'Non-GAAP subscription gross profit' should come in at $843.70 million. The estimate compares to the year-ago value of $701.48 million.
Based on the collective assessment of analysts, 'Non-GAAP professional services gross profit' should arrive at $17.71 million. Compared to the current estimate, the company reported $19.79 million in the same quarter of the previous year.
The consensus among analysts is that 'GAAP professional services gross profit' will reach $9.07 million. Compared to the present estimate, the company reported $13.52 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'GAAP subscription gross profit' of $823.81 million. Compared to the present estimate, the company reported $682.52 million in the same quarter last year.
View all Key Company Metrics for CrowdStrike here>>>
Shares of CrowdStrike have experienced a change of +9.3% in the past month compared to the +6.7% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CRWD is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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CrowdStrike (CRWD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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