Rapid7 Inc reports results for the quarter ended June 30 - Earnings Summary

• Rapid7 Inc RPD.OQ reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 41 cents to 46 cents per share.

• Revenue rose 3% to $214.19 million from a year ago; analysts expected $211.96 million.

• Rapid7 Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $8.34 million.

• Rapid7 Inc shares had fallen by 13.6% this quarter and lost 50.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 17 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Rapid7 Inc is $29.00, about 31.7% above its last closing price of $19.82

This summary was machine generated from LSEG data August 8 at 03:37 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)