Brokerages Expect Rapid7, Inc. (RPD) Will Post Earnings of -$0.17 Per Share

Brokerages forecast that Rapid7, Inc. (NASDAQ:RPD) will announce earnings per share of ($0.17) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Rapid7’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.17). Rapid7 reported earnings per share of ($0.13) in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.8%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, November 7th.

On average, analysts expect that Rapid7 will report full year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.63) to ($0.61). For the next fiscal year, analysts expect that the firm will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.57) to ($0.39). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Monday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The business had revenue of $47.44 million during the quarter, compared to analysts’ expectations of $46.31 million. During the same period last year, the company posted ($0.22) EPS. The company’s revenue was up 27.3% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday. Susquehanna Bancshares Inc upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target on the stock in a report on Tuesday, August 8th. Northland Securities restated a “buy” rating and set a $23.00 price target on shares of Rapid7 in a report on Friday, July 14th. Zacks Investment Research lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, UBS AG upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target on the stock in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Rapid7 has an average rating of “Hold” and an average price target of $20.19.

In other Rapid7 news, Chairman Alan Matthews sold 52,770 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $17.22, for a total value of $908,699.40. Following the transaction, the chairman now owns 3,152,177 shares in the company, valued at approximately $54,280,487.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lee David Weiner sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $16.64, for a total transaction of $349,440.00. Following the completion of the transaction, the insider now owns 77,212 shares in the company, valued at approximately $1,284,807.68. The disclosure for this sale can be found here. Insiders have sold 93,770 shares of company stock worth $1,601,139 in the last 90 days. 56.90% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in RPD. ETF Managers Group LLC acquired a new position in Rapid7 in the 2nd quarter valued at approximately $19,395,000. Laurion Capital Management LP bought a new stake in Rapid7 in the second quarter worth approximately $11,614,000. Wasatch Advisors Inc. grew its position in Rapid7 by 51.1% in the second quarter. Wasatch Advisors Inc. now owns 1,975,177 shares of the technology company’s stock worth $33,242,000 after acquiring an additional 668,273 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in Rapid7 in the second quarter worth approximately $7,473,000. Finally, Marshall Wace North America L.P. bought a new stake in Rapid7 in the second quarter worth approximately $4,925,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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Shares of Rapid7 (NASDAQ RPD) traded down 1.13% on Monday, hitting $17.45. 112,982 shares of the stock were exchanged. Rapid7 has a one year low of $10.63 and a one year high of $19.29. The company’s market cap is $752.29 million. The firm’s 50-day moving average is $17.63 and its 200-day moving average is $17.63.

About Rapid7

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

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