• Okta Inc OKTA.OQ reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of forty analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 82 cents to 88 cents per share.

• Revenue rose 12.7% to $728.00 million from a year ago; analysts expected $711.81 million.

• Okta Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $67 million.

• Okta Inc shares had fallen by 8.6% this quarter and gained 15.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 16 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Okta Inc is $120.00, about 23.9% above its last closing price of $91.35

This summary was machine generated from LSEG data August 26 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)