Tenable (TENB) Q3 Earnings: What To Expect

TENB Cover Image

Cybersecurity exposure management company Tenable (NASDAQ: TENB) will be reporting results this Wednesday after the bell. Here’s what to expect.

Tenable beat analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $247.3 million, up 11.8% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ annual recurring revenue estimates.

Is Tenable a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Tenable’s revenue to grow 8.9% year on year to $247.3 million, slowing from the 12.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share.

Tenable Total Revenue

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. Tenable has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.9% on average.

With Tenable being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for cybersecurity stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Tenable is up 1% during the same time and is heading into earnings with an average analyst price target of $38.79 (compared to the current share price of $30.15).

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