Advertisement
Singapore markets closed

  • Straits Times Index

    3,331.70
    +5.42 (+0.16%)
     

  • S&P 500

    5,457.76
    -11.54 (-0.21%)
     

  • Dow

    39,021.44
    -90.72 (-0.23%)
     

  • Nasdaq

    17,696.14
    -21.51 (-0.12%)
     

  • Bitcoin USD

    61,644.19
    +535.23 (+0.88%)
     

  • CMC Crypto 200

    1,274.04
    -9.74 (-0.76%)
     

  • FTSE 100

    8,215.76
    -32.03 (-0.39%)
     

  • Gold

    2,311.30
    -19.50 (-0.84%)
     

  • Crude Oil

    80.92
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.3040
    +0.0660 (+1.56%)
     

  • Nikkei

    39,667.07
    +493.92 (+1.26%)
     

  • Hang Seng

    18,089.93
    +17.03 (+0.09%)
     

  • FTSE Bursa Malaysia

    1,590.95
    +5.57 (+0.35%)
     

  • Jakarta Composite Index

    6,905.64
    +22.94 (+0.33%)
     

  • PSE Index

    6,313.11
    +14.06 (+0.22%)
     

HashiCorp (HCP) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

HashiCorp, Inc. (HCP) reported $160.58 million in revenue for the quarter ended April 2024, representing a year-over-year increase of 16.4%. EPS of $0.05 for the same period compares to -$0.07 a year ago.

The reported revenue represents a surprise of +4.69% over the Zacks Consensus Estimate of $153.39 million. With the consensus EPS estimate being -$0.01, the EPS surprise was +600.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how HashiCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Professional Services and other: $6.01 million versus the eight-analyst average estimate of $4.83 million.

  • Revenue- Subscription: $154.57 million compared to the $148.51 million average estimate based on eight analysts.

  • Revenue- Cloud-hosted services: $24.59 million versus the five-analyst average estimate of $23 million.

  • Revenue- Support: $113.63 million compared to the $110.13 million average estimate based on four analysts.

  • Revenue- License: $16.35 million versus $15.50 million estimated by four analysts on average.

View all Key Company Metrics for HashiCorp here>>>

Shares of HashiCorp have returned +2.6% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HashiCorp, Inc. (HCP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research