Advertisement
Canada markets closed

  • S&P/TSX

    22,465.37
    +165.54 (+0.74%)
     

  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     

  • DOW

    40,003.59
    +134.21 (+0.34%)
     

  • CAD/USD

    0.7348
    +0.0002 (+0.03%)
     

  • CRUDE OIL

    80.00
    +0.77 (+0.97%)
     

  • Bitcoin CAD

    90,860.80
    +2,068.10 (+2.33%)
     

  • CMC Crypto 200

    1,364.66
    -9.19 (-0.68%)
     

  • GOLD FUTURES

    2,419.80
    +34.30 (+1.44%)
     

  • RUSSELL 2000

    2,095.72
    -0.53 (-0.03%)
     

  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     

  • NASDAQ

    16,685.97
    -12.35 (-0.07%)
     

  • VOLATILITY

    11.99
    -0.43 (-3.46%)
     

  • FTSE

    8,420.26
    -18.39 (-0.22%)
     

  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     

  • CAD/EUR

    0.6755
    -0.0001 (-0.01%)
     

Here's What Key Metrics Tell Us About SolarWinds (SWI) Q1 Earnings

Zacks Equity Research
·2 min read

For the quarter ended March 2024, SolarWinds (SWI) reported revenue of $193.31 million, up 3.9% over the same period last year. EPS came in at $0.29, compared to $0.20 in the year-ago quarter.

The reported revenue represents a surprise of +1.88% over the Zacks Consensus Estimate of $189.74 million. With the consensus EPS estimate being $0.22, the EPS surprise was +31.82%.

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.

ADVERTISEMENT

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

  • Revenue- Total Recurring: $180.48 million versus $175.76 million estimated by three analysts on average.

  • Revenue- Subscription: $68.76 million versus the three-analyst average estimate of $64.75 million. The reported number represents a year-over-year change of +26.5%.

  • Revenue- Maintenance: $111.72 million versus the three-analyst average estimate of $111 million. The reported number represents a year-over-year change of -2.4%.

  • Revenue- License: $12.83 million versus $12.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -25.1% change.

View all Key Company Metrics for SolarWinds here>>>

Shares of SolarWinds have returned -2.6% over the past month versus the Zacks S&P 500 composite's -4.2% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SolarWinds (SWI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research