CrowdStrike Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - CrowdStrike Holdings, Inc. is set to release its second-quarter earnings results, with expectations of a decline in earnings per share compared to the previous year, while revenue is projected to increase significantly [1]. Financial Performance - Analysts anticipate CrowdStrike will report earnings of 83 cents per share for the second quarter, down from $1.04 per share in the same period last year [1]. - The company is projected to generate quarterly revenue of $1.15 billion, an increase from $963.87 million a year earlier [1]. Analyst Ratings - CrowdStrike missed earnings per share estimates in the first quarter but has beaten estimates in nine of the last ten quarters overall [2]. - The stock closed at $417.60, reflecting a slight decline of 0.3% [2]. - Cantor Fitzgerald analyst Jonathan Ruykhaver maintains an Overweight rating with a price target of $475 [4]. - BMO Capital analyst Keith Bachman has an Outperform rating but reduced the price target from $500 to $460 [4]. - Evercore ISI Group analyst Peter Levine maintained an In-Line rating and cut the price target from $440 to $425 [4]. - Jefferies analyst Joseph Gallo has a Buy rating and raised the price target from $520 to $530 [4]. - Morgan Stanley analyst Hamza Fodderwala downgraded the stock from Overweight to Equal-Weight, raising the price target from $490 to $495 [4].