Wall Road expects a year-over-year decline in earnings on larger revenues when Okta (OKTA) stories outcomes for the quarter ended October 2019. Whereas this widely-known consensus outlook is necessary in gauging the corporate’s earnings image, a robust issue that would impression its near-term inventory worth is how the precise outcomes examine to those estimates.
The earnings report, which is predicted to be launched on December 5, 2019, may assist the inventory transfer larger if these key numbers are higher than expectations. Alternatively, in the event that they miss, the inventory could transfer decrease.
Whereas the sustainability of the fast worth change and future earnings expectations will principally depend upon administration’s dialogue of enterprise situations on the earnings call, it is price handicapping the likelihood of a constructive EPS shock.
Zacks Consensus Estimate
This cloud identification administration firm is predicted to submit quarterly lack of $0.12 per share in its upcoming report, which represents a year-over-year change of -200%.
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