Tenable (TENB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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 Tenable performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Subscription: $248.26 million versus the five-analyst average estimate of $245.99 million. The reported number represents a year-over-year change of +8.9%.
• Revenue- Professional services and other: $10.39 million versus $8.88 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +32.2% change.
• Revenue- Perpetual license and maintenance: $9.86 million versus the five-analyst average estimate of $10.05 million. The reported number represents a year-over-year change of -13.6%.

View all Key Company Metrics for Tenable here>>>

Shares of Tenable have returned -14.9% over the past month versus the Zacks S&P 500 composite's +1.9% 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.

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This article originally published on Zacks Investment Research (zacks.com).

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