Okta is scheduled to report second-quarter earnings on August 26 after the closing bell, with analysts anticipating a better-than-expected print. Wall Street has projected earnings of $0.96 per share, a 5.5% year-on-year jump, and revenue of $793.03 million, up nearly 9%, in line with management's guidance. The company also guided to current RPO growth of 11%, non-GAAP operating margin of 26%, and a free cash flow margin of 20% to 21% for the quarter. Analysts expect a beat given Okta's history of conservative guidance, having beaten EPS and revenue estimates 100% of the time over the last two years. Ahead of earnings, Wells Fargo upgraded Okta to Overweight from Equal-Weight, and Citizens upgraded it to Market Outperform from Market Perform.
Citizens Financial Group, Inc.
Wells Fargo & CompanyOkta IncOkta is the subject of the earnings preview and analyst upgrades, with expectations of a beat.
