Earnings To Watch: Tenable (TENB) Will Announce Q4 Results Tomorrow

Tenable Set to Release Earnings: What Investors Should Know

This Wednesday after the market closes, Tenable (NASDAQ:TENB), a leader in cybersecurity exposure management, is scheduled to share its latest earnings report. Here’s a look at what the market is anticipating.

Last quarter, Tenable reported revenue of $252.4 million, surpassing analyst projections by 2.1% and marking an 11.2% increase compared to the previous year. Despite this growth, the company faced a challenging period, as its guidance for next quarter’s earnings per share fell well below analyst expectations, and its annual recurring revenue also missed forecasts.

Curious about whether Tenable is a good investment ahead of its earnings announcement?

Analyst Expectations for This Quarter

For the upcoming quarter, analysts predict Tenable’s revenue will reach $251.8 million, representing a 6.8% year-over-year increase—a slower pace than the 10.5% growth seen in the same period last year. Adjusted earnings per share are forecasted at $0.41.

Over the past month, analysts have largely maintained their estimates, indicating steady expectations for Tenable’s performance. Notably, the company has consistently outperformed Wall Street’s revenue forecasts for the last two years, averaging a 2% beat each quarter.

Industry Context and Stock Performance

As the first among its industry peers to report this earnings season, Tenable’s results will set the tone for cybersecurity stocks. The sector as a whole has faced headwinds recently, with peer group stocks declining by an average of 12.2% over the past month. In comparison, Tenable’s share price has dropped 3.8% during the same period. Analysts currently have an average price target of $34.37 for Tenable, while the stock is trading at $22.01.

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