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

Core Insights - HashiCorp, Inc. reported revenue of $173.39 million for the quarter ended October 2024, reflecting an 18.7% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $0.13, a significant rise from $0.03 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $163.43 million by 6.09%, while the EPS surpassed the consensus estimate of $0.05 by 160% [1] Revenue Breakdown - Subscription revenue was reported at $167.82 million, exceeding the average analyst estimate of $158.52 million [3] - Revenue from Professional Services and other was $5.57 million, surpassing the three-analyst average estimate of $4.91 million, marking a year-over-year increase of 32.9% [3][3] Stock Performance - Over the past month, HashiCorp's shares have returned -1.4%, in contrast to the Zacks S&P 500 composite's increase of 6.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]