Compared to Estimates, Okta (OKTA) Q1 Earnings: A Look at Key Metrics

Okta (OKTA) reported $765 million in revenue for the quarter ended April 2026, representing a year-over-year increase of 11.2%. EPS of $0.91 for the same period compares to $0.86 a year ago.The reported revenue represents a surprise of +1.82% over the Zacks Consensus Estimate of $751.34 million. With the consensus EPS estimate being $0.85, the EPS surprise was +6.75%.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 Okta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Current remaining performance obligations (cRPO): $2.5 billion versus the six-analyst average estimate of $2.45 billion.Remaining performance obligations: $4.72 billion versus $4.62 billion estimated by five analysts on average.Total Customers: 20,000 compared to the 20,791 average estimate based on three analysts.Revenue- Subscription: $750 million versus $738.1 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.Revenue- Professional services and other: $15 million versus the 10-analyst average estimate of $13.09 million. The reported number represents a year-over-year change of 0%.View all Key Company Metrics for Okta here>>>Shares of Okta have returned +17.5% over the past month versus the Zacks S&P 500 composite's +5% 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.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks