Okta (OKTA) reported $765 million in revenue for the quarter ended April 2026, representing a year-over-year increase of 11.2%. EPS of $0.91 for the same period compares to $0.86 a year ago.
The reported revenue represents a surprise of +1.82% over the Zacks Consensus Estimate of $751.34 million. With the consensus EPS estimate being $0.85, the EPS surprise was +6.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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.
Here is how Okta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Current remaining performance obligations (cRPO): $2.5 billion versus the six-analyst average estimate of $2.45 billion. Remaining performance obligations: $4.72 billion versus $4.62 billion estimated by five analysts on average. Total Customers: 20,000 compared to the 20,791 average estimate based on three analysts. Revenue- Subscription: $750 million versus $738.1 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change. Revenue- Professional services and other: $15 million versus the 10-analyst average estimate of $13.09 million. The reported number represents a year-over-year change of 0%.View all Key Company Metrics for Okta here>>>
Shares of Okta have returned +17.5% over the past month versus the Zacks S&P 500 composite's +5% 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.Radical New Technology Could Hand Investors Huge Gains
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Okta, Inc. (OKTA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).