We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Check Point (CHKP) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Check Point Software (CHKP - Free Report) is expected to reveal quarterly earnings of $2.25 per share, indicating an increase of 8.7% compared to the year-ago period. Analysts forecast revenues of $635.43 million, representing an increase of 6.6% year over year.
Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Check Point metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Total revenues from products and security subscriptions' should arrive at $392.28 million. The estimate indicates a change of +8.2% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Software updates and maintenance' at $238.43 million. The estimate indicates a change of +2% from the prior-year quarter.
The consensus estimate for 'Revenues- Products and licenses' stands at $116.04 million. The estimate suggests a change of +1.6% year over year.
Analysts predict that the 'Revenues- Security Subscriptions' will reach $280.78 million. The estimate indicates a year-over-year change of +13.1%.
Over the past month, shares of Check Point have returned +5.8% versus the Zacks S&P 500 composite's +1.5% change. Currently, CHKP carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Check Point (CHKP) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Check Point Software (CHKP - Free Report) is expected to reveal quarterly earnings of $2.25 per share, indicating an increase of 8.7% compared to the year-ago period. Analysts forecast revenues of $635.43 million, representing an increase of 6.6% year over year.
Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Check Point metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Total revenues from products and security subscriptions' should arrive at $392.28 million. The estimate indicates a change of +8.2% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Software updates and maintenance' at $238.43 million. The estimate indicates a change of +2% from the prior-year quarter.
The consensus estimate for 'Revenues- Products and licenses' stands at $116.04 million. The estimate suggests a change of +1.6% year over year.
Analysts predict that the 'Revenues- Security Subscriptions' will reach $280.78 million. The estimate indicates a year-over-year change of +13.1%.
View all Key Company Metrics for Check Point here>>>
Over the past month, shares of Check Point have returned +5.8% versus the Zacks S&P 500 composite's +1.5% change. Currently, CHKP carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>