Tenable (TENB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - For the quarter ended June 2024, Tenable reported revenue of $221.24 million, reflecting a 13.4% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $0.31, up from $0.22 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $218.41 million by 1.30% [1] - The EPS surprise was +34.78% compared to the consensus estimate of $0.23 [1] Key Metrics - Calculated Current Billings were reported at $221.15 million, below the average estimate of $225.83 million from six analysts [3] - Subscription revenue reached $202.54 million, surpassing the average estimate of $199.96 million, marking a 14.6% increase year-over-year [4] - Revenue from Professional services and other was $6.69 million, exceeding the average estimate of $6.31 million, with a year-over-year change of +9.4% [5] - Revenue from Perpetual license and maintenance was $12.02 million, slightly below the average estimate of $12.11 million, representing a -1.1% change year-over-year [6] Stock Performance - Shares of Tenable have returned +8.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.4% change [6] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [6]