Cyber security company SentinelOne (NYSE:S) will be reporting earnings tomorrow after market hours. Here’s what you need to know.
SentinelOne met analysts’ revenue expectations last quarter, reporting revenues of $210.6 million, up 28.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates. It added 77 enterprise customers paying more than $100,000 annually to reach a total of 1,310.
Is SentinelOne a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting SentinelOne’s revenue to grow 27.7% year on year to $222.4 million, slowing from the 38.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SentinelOne has missed Wall Street’s revenue estimates three times over the last two years.
Looking at SentinelOne’s peers in the cybersecurity segment, some have already reported their Q4 results, giving us a hint as to what we can expect. CrowdStrike delivered year-on-year revenue growth of 25.2%, beating analysts’ expectations by 2.4%, and Varonis reported revenues up 2.9%, falling short of estimates by 4.2%. CrowdStrike traded down 6.4% following the results while Varonis was also down 7.5%.
Read our full analysis of CrowdStrike’s results here and Varonis’s results here.
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