Rapid7 (NASDAQ:RPD) First Quarter 2024 Results

Key Financial Results

• Revenue: US$205.1m (up 12% from 1Q 2023).

• Net income: US$2.26m (up from US$25.9m loss in 1Q 2023).

• Profit margin: 1.1% (up from net loss in 1Q 2023).

• EPS: US$0.036 (up from US$0.43 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rapid7 EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 15% from a week ago.

Valuation

Following the latest earnings results, Rapid7 may be undervalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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