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Exploring Analysts’ Q1 Revenue, Earnings Estimates for Proofpoint

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Apr. 22 2019, Published 7:46 a.m. ET

Revenue expected to rise 22.70%

High-growth cybersecurity (HACK) company Proofpoint (PFPT) is scheduled to announce its first-quarter earnings results on April 25. Analysts expect the company to post sales of $199.3 million in the quarter, a rise of 22.7% YoY (year-over-year) compared to its sales of $162.46 million in the first quarter of 2018.

The sales of peers Palo Alto Networks (PANW), Fortinet (FTNT), and Check Point Software (CHKP) are expected to rise 24%, 18%, and 4%, respectively, in their current quarters.

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Earnings expected to rise 10%

Despite its impressive revenue growth estimates, Proofpoint’s non-GAAP (generally accepted accounting principles) EPS are expected to rise at a lower YoY rate of 10% from $0.30 in the first quarter of 2018 to $0.33 in the first quarter of 2019.

Proofpoint has managed to beat analysts’ earnings estimates in each of the last four quarters. The company posted EPS of $0.51 in the fourth quarter of 2018, 46% higher than analysts’ consensus estimate of $0.35. It posted EPS of $0.40 in the third quarter of 2018, 48% higher than the consensus estimate of $0.27.

As the chart above shows, Proofpoint exceeded analysts’ second-quarter EPS estimate of $0.17 with EPS of $0.26. The company also exceeded analysts’ consensus earnings estimate of $0.15 by 100% with EPS of $0.30 in the first quarter of 2018.

Despite the company’s impressive run over the last 12 months, its stock has fallen 4%. It lost 46% of its market value between April 2018 and December 2018 driven by the sell-offs in the technology sector and the broader market.

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