Zacks: Brokerages Expect Rapid7 Inc (NASDAQ:RPD) to Announce -$0.01 EPS

Wall Street analysts forecast that Rapid7 Inc (NASDAQ:RPD) will announce earnings of ($0.01) per share for the current quarter, Zacks reports. Seven analysts have made estimates for Rapid7’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.00. Rapid7 posted earnings of ($0.05) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 80%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Rapid7 will report full year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.04 to $0.05. For the next financial year, analysts forecast that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.06 to $0.37. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 5th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.20. Rapid7 had a negative return on equity of 40.74% and a negative net margin of 17.27%. The business had revenue of $83.20 million during the quarter, compared to the consensus estimate of $80.11 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year.

A number of brokerages recently weighed in on RPD. ValuEngine downgraded Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. SunTrust Banks initiated coverage on shares of Rapid7 in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $66.00 price objective on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 target price on shares of Rapid7 in a research report on Tuesday, November 5th. Zacks Investment Research lowered Rapid7 from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Finally, BidaskClub upgraded Rapid7 from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.41.

Shares of NASDAQ:RPD opened at $53.61 on Wednesday. The business’s 50 day moving average is $51.54 and its 200 day moving average is $53.83. Rapid7 has a 52-week low of $27.79 and a 52-week high of $66.01. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.38 and a quick ratio of 1.38.

In related news, CEO Corey E. Thomas sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $55.00, for a total transaction of $825,000.00. Following the completion of the transaction, the chief executive officer now owns 457,462 shares of the company’s stock, valued at $25,160,410. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Peter Kaes sold 12,881 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $50.03, for a total transaction of $644,436.43. In the last quarter, insiders have sold 127,907 shares of company stock worth $6,808,697. Company insiders own 4.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Rapid7 by 26.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after buying an additional 217 shares during the last quarter. Brinker Capital Inc. boosted its stake in shares of Rapid7 by 1.4% in the third quarter. Brinker Capital Inc. now owns 22,672 shares of the technology company’s stock worth $1,029,000 after buying an additional 315 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rapid7 by 0.8% in the third quarter. Rhumbline Advisers now owns 62,927 shares of the technology company’s stock worth $2,856,000 after buying an additional 496 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Rapid7 by 30.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,364 shares of the technology company’s stock worth $137,000 after acquiring an additional 554 shares during the period. Finally, Signaturefd LLC acquired a new stake in Rapid7 during the second quarter worth about $46,000. 90.46% of the stock is currently owned by institutional investors.

Rapid7 Company Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

Recommended Story: Net Income

Get a free copy of the Zacks research report on Rapid7 (RPD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.