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Will Okta (OKTA) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-08-01 17:11
Core Viewpoint - Okta (OKTA) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend in the Zacks Security industry [1]. Earnings Performance - Okta has demonstrated a strong track record of surpassing earnings estimates, averaging a 9.27% beat over the last two quarters [2]. - In the most recent quarter, Okta reported earnings of $0.77 per share against an expectation of $0.86, resulting in a surprise of 11.69%. In the previous quarter, the company reported $0.78 per share against a consensus of $0.73, achieving a surprise of 6.85% [3]. Earnings Estimates and Predictions - Recent estimates for Okta have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time, suggesting a high probability of beating consensus estimates [7]. Earnings ESP Analysis - Okta currently has an Earnings ESP of +4.67%, reflecting increased analyst optimism regarding the company's earnings prospects. This, combined with a Zacks Rank of 1 (Strong Buy), suggests a strong possibility of another earnings beat [9]. - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [8].
Okta (OKTA) Soars 3.3%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-28 17:10
Company Overview - Okta (OKTA) shares increased by 3.3% to $101.1 in the last trading session, with a higher-than-average trading volume, contrasting with a 0.2% loss over the past four weeks [1] - The company is experiencing growth due to an expanding partner base, a strong backlog, and an innovative product portfolio [1] Earnings Expectations - Okta is projected to report quarterly earnings of $0.84 per share, reflecting a year-over-year increase of 16.7% [2] - Expected revenues for the upcoming quarter are $711.04 million, which is a 10.1% increase compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Okta has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - Okta currently holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Comparison - Okta is part of the Zacks Security industry, where another company, SentinelOne (S), closed 0.5% higher at $19.56, with an 8.1% return over the past month [3] - SentinelOne's consensus EPS estimate for its upcoming report is $0.03, representing a significant year-over-year increase of 200%, and it holds a Zacks Rank of 3 (Hold) [4]