Earnings Outlook For Okta

Okta OKTA is set to give its latest quarterly earnings report on Wednesday, 2021-12-01. Here's what investors need to know before the announcement.

Analysts estimate that Okta will likely report an Earnings Per Share (EPS) of $-0.24.

Okta bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.24, which was followed by a 2.64% increase in the share price the next day.

Here's a look at Okta's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.35 -0.2 -0.01 -0.01
EPS Actual -0.11 -0.1 0.06 0.04
Price Change % 2.64% -9.79% -6.22% 5.27%

eps graph

Stock Performance

Shares of Okta were trading at $223.61 as of November 29. Over the last 52-week period, shares are down 3.21%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.

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Posted In: EarningsBZI-EP
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