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MARKETS LIVE BLOG:

STOCK FUTURES INCH UP AS HIGH-FLYING Q2 NEARS CLOSE

S&P 500 is up around 4.5% this quarter, while the Nasdaq has surged about 8%

Couchbase (BASE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Equity Research
·2 min read

For the quarter ended April 2024, Couchbase, Inc. (BASE) reported revenue of $51.33 million, up 25.2% over the same period last year. EPS came in at -$0.10, compared to -$0.27 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $48.52 million, representing a surprise of +5.78%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being -$0.14.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Couchbase performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • ARR: $207.70 million versus the four-analyst average estimate of $208.10 million.

  • Revenue- Total subscription revenue: $49.04 million versus the five-analyst average estimate of $46.44 million. The reported number represents a year-over-year change of +27.2%.

  • Revenue- Services: $2.29 million compared to the $2.10 million average estimate based on five analysts. The reported number represents a change of -6.7% year over year.

View all Key Company Metrics for Couchbase here>>>

Shares of Couchbase have returned -18.3% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Couchbase, Inc. (BASE) : Free Stock Analysis Report

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Zacks Investment Research