Tenable (TENB) Tops Q4 Earnings and Revenue Estimates

Core Insights - Tenable reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and up from $0.25 per share a year ago, representing an earnings surprise of 20.59% [1] - The company achieved revenues of $235.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.69% and increasing from $213.31 million year-over-year [2] - Tenable has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $235.68 million, and for the current fiscal year, it is $1.44 on revenues of $982.4 million [7] - The estimate revisions trend for Tenable is favorable, contributing to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Internet - Software industry, to which Tenable belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]