Insights Into Okta (OKTA) Q2: Wall Street Projections for Key Metrics

Core Insights - Okta (OKTA) is expected to report quarterly earnings of $0.84 per share, a 16.7% increase year-over-year, with revenues projected at $711.04 million, reflecting a 10.1% year-over-year growth [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' projections [1] Revenue Projections - Analysts forecast 'Revenue- Subscription' to be $696.61 million, representing a 10.2% increase from the same quarter last year [3] - 'Revenue- Professional services and other' is estimated at $14.49 million, indicating a 3.5% year-over-year growth [4] Performance Obligations - Current remaining performance obligations (cRPO) are expected to reach $2.20 billion, up from $2.00 billion reported in the same quarter last year [4] - Remaining performance obligations are projected to be $4.10 billion, compared to $3.51 billion a year ago [5] Gross Margin and Customer Metrics - Analysts predict 'Gross margin- Subscription' to be 83.6%, an increase from 78.0% in the same quarter last year [5] - Total Customers are expected to reach 20,426, up from 19,300 a year ago [5] Stock Performance - Okta shares have decreased by 4.8% in the past month, contrasting with a 1.7% increase in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market [6]