Compared to Estimates, HashiCorp (HCP) Q3 Earnings: A Look at Key Metrics

For the quarter ended October 2024, HashiCorp, Inc. (HCP) reported revenue of $173.39 million, up 18.7% over the same period last year. EPS came in at $0.13, compared to $0.03 in the year-ago quarter.The reported revenue represents a surprise of +6.09% over the Zacks Consensus Estimate of $163.43 million. With the consensus EPS estimate being $0.05, the EPS surprise was +160.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.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 HashiCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Subscription: $167.82 million versus $158.52 million estimated by three analysts on average. Revenue- Professional Services and other: $5.57 million versus the three-analyst average estimate of $4.91 million. The reported number represents a year-over-year change of +32.9%. Revenue- Professional Services and other: $5.57 million versus the three-analyst average estimate of $4.91 million. The reported number represents a year-over-year change of +32.9%. Revenue- Subscription: $167.82 million versus $158.52 million estimated by three analysts on average. View all Key Company Metrics for HashiCorp here>>>Shares of HashiCorp have returned -1.4% over the past month versus the Zacks S&P 500 composite's +6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 HashiCorp, Inc. (HCP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks