For the quarter ended March 2023, Tenable (TENB) reported revenue of $188.84 million, up 18.5% over the same period last year. EPS came in at $0.11, compared to $0.06 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $186.99 million, representing a surprise of +0.99%. The company delivered an EPS surprise of +266.67%, with the consensus EPS estimate being $0.03.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tenable performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Calculated Current Billings: $176800 thousand versus $183040.2 thousand estimated by five analysts on average.
- Subscription Revenue: $171.10 million versus the five-analyst average estimate of $171.12 million.
- Professional services and other Revenue: $5.56 million versus the five-analyst average estimate of $4.92 million.
- Perpetual license and maintenance Revenue: $12.18 million versus the five-analyst average estimate of $11.58 million.
Shares of Tenable have returned +4.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>Tenable Holdings, Inc. (TENB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
