CrowdStrike Set to Announce Q3 Earnings Amid Market Anticipation
CrowdStrike Holdings, Inc. (CRWD), based in Austin, Texas, stands out as a key player in the cybersecurity sector, focusing on cloud-native endpoint protection and threat intelligence. With a remarkable market cap of $76.2 billion, the company is gearing up for its Q3 earnings report, scheduled for Tuesday, Nov. 26.
Profit Expectations and Recent Performance
Analysts predict that CrowdStrike will report a profit of $0.03 per share for Q3, representing an 81.3% decline from $0.16 in the same quarter last year. Notably, the company has exceeded Wall Street’s earnings estimates in three out of the last four quarters, missing only once.
In the previous quarter, CrowdStrike achieved earnings of $0.24 per share, which was 4.4% higher than expected. This increase was attributed to strong subscription growth and increased demand for its cybersecurity offerings.
Future Earnings Forecasts
Looking ahead to fiscal 2025, analysts forecast an EPS of $0.52 for CRWD, marking a 4% increase from $0.50 in fiscal 2024.
Stock Performance in Context
Year-to-date, CRWD stock is up 21.8%, slightly trailing the overall S&P 500 Index’s 22.3% growth and the iShares U.S. Technology ETF’s (IYW) 28.5% increase during the same period.
Despite underperforming in the recent quarter due to investor concerns over slowing revenue growth, CrowdStrike remains well-positioned to meet the increasing demand for advanced threat protection solutions. The stock saw a noteworthy 5.1% increase on Oct. 10, driven by positive coverage from RBC Capital, which named it a top software investment for 2025. Additionally, CRWD stock rose 2.8% following its robust fiscal Q2 earnings announcement on Aug. 28, where revenues climbed 31.7% year-over-year to $963.9 million, narrowly surpassing Wall Street expectations.
Analyst Ratings and Future Projections
The overall sentiment on CRWD stock remains optimistic, with an average rating of “Strong Buy.” Out of 43 analysts, 34 recommend a “Strong Buy,” three suggest a “Moderate Buy,” while six recommend a “Hold.”
The current average analyst price target for CRWD stands at $325.54, indicating a potential upside of 4.7% from present levels.
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On the date of publication, Rashmi Kumari did not hold positions in any of the securities mentioned in this article. All information and data are for informational purposes. For detailed disclosures, please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
