Okta Inc. (OKTA)

[DiscoverGold]

Okta, Inc. (OKTA) Expected to Announce Quarterly Sales of $238.61 Million
By: MarketBeat | May 15, 2021

Wall Street analysts predict that Okta, Inc. (NASDAQ:OKTA) will post sales of $238.61 million for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Okta's earnings, with the lowest sales estimate coming in at $237.00 million and the highest estimate coming in at $240.96 million. Okta posted sales of $182.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.5%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, May 26th.

On average, analysts expect that Okta will report full year sales of $1.10 billion for the current year, with estimates ranging from $1.08 billion to $1.20 billion. For the next year, analysts forecast that the company will report sales of $1.42 billion, with estimates ranging from $1.30 billion to $1.66 billion. Zacks' sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Okta.

Read Full Story »»»

DiscoverGold