U.S. markets closed
  • S&P 500

    3,298.46
    +51.87 (+1.60%)
     
  • Dow 30

    27,173.96
    +358.56 (+1.34%)
     
  • Nasdaq

    10,913.56
    +241.26 (+2.26%)
     
  • Russell 2000

    1,474.91
    +23.09 (+1.59%)
     
  • Crude Oil

    40.04
    -0.27 (-0.67%)
     
  • Gold

    1,864.30
    -12.60 (-0.67%)
     
  • Silver

    22.99
    -0.21 (-0.91%)
     
  • EUR/USD

    1.1637
    -0.0038 (-0.33%)
     
  • 10-Yr Bond

    0.6590
    -0.0070 (-1.05%)
     
  • GBP/USD

    1.2744
    -0.0007 (-0.06%)
     
  • USD/JPY

    105.5000
    +0.0980 (+0.09%)
     
  • BTC-USD

    10,680.56
    -54.79 (-0.51%)
     
  • CMC Crypto 200

    230.19
    +12.36 (+5.67%)
     
  • FTSE 100

    5,842.67
    +19.89 (+0.34%)
     
  • Nikkei 225

    23,204.62
    +116.82 (+0.51%)
     

Okta's Earnings: A Preview

Benzinga Insights

Okta (NASDAQ: OKTA) announces its next round of earnings this Thursday, August 27. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.

Earnings and Revenue

Sell-side analysts are expecting Okta's loss per share to be near $0.02 on sales of $186.29 million. Okta reported a per-share loss of $0.05 when it published results during the same quarter last year. Sales in that period totaled $140.48 million. The analyst consensus estimate would represent a 60.0% increase in the company's EPS figure. Revenue would be have grown 8.72% from the same quarter last year. Okta's reported EPS has stacked up against analyst estimates in the past like this:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

-0.17

-0.05

-0.12

-0.11

EPS Actual

-0.07

-0.01

-0.07

-0.05

Revenue Estimate

171.35 M

155.85 M

143.70 M

131.18 M

Revenue Actual

182.86 M

167.33 M

153.04 M

140.48 M

Stock Performance

Over the last 52-week period, shares are up 72.74%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

View more earnings on OKTA

Don't be surprised to see the stock move on comments made during its conference call. Okta is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://www.okta.com/q2-fy21-earnings-call/

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.