Rapid7 (RPD) Reports Q3 Earnings: What Key Metrics Have to Say

Rapid7 (RPD) reported $214.65 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8%. EPS of $0.66 for the same period compares to $0.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $210.05 million, representing a surprise of +2.19%. The company delivered an EPS surprise of +26.92%, with the consensus EPS estimate being $0.52.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 Rapid7 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Annualized recurring revenue: $823.10 billion compared to the $825.22 billion average estimate based on seven analysts. Number of customers: 11,619 versus the two-analyst average estimate of 11,569. ARR per customer: $70,800 versus $71,511.39 estimated by two analysts on average. Revenue- Professional services: $9.06 million compared to the $7.44 million average estimate based on seven analysts. The reported number represents a change of +1.1% year over year. Revenue- Products: $205.59 million compared to the $202.59 million average estimate based on seven analysts. The reported number represents a change of +8.3% year over year. Non-Gaap Gross Profit- Professional services: $3.13 million compared to the $1.53 million average estimate based on seven analysts. Non-Gaap Gross Profit- Products: $155.91 million compared to the $155.01 million average estimate based on seven analysts. View all Key Company Metrics for Rapid7 here>>>Shares of Rapid7 have returned +4.1% over the past month versus the Zacks S&P 500 composite's +0.7% 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.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 Rapid7, Inc. (RPD): 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