Tenable Holdings First Quarter 2024 Earnings: Beats Expectations

Tenable Holdings (NASDAQ:TENB) First Quarter 2024 Results

Key Financial Results

• Revenue: US$216.0m (up 14% from 1Q 2023).
• Net loss: US$14.4m (loss narrowed by 43% from 1Q 2023).
• US$0.12 loss per share (improved from US$0.22 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tenable Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Tenable Holdings that you should be aware of.

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