CrowdStrike Q1 Earnings Preview: Guidance in focus as competition heats up
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CrowdStrike (NASDAQ:CRWD) is scheduled to announce Q1 earnings results on Wednesday, May 31, after market close.
The consensus EPS estimate is $0.50 (+61.3% Y/Y) and the consensus revenue estimate is $676.23M (+38.6% Y/Y). Over the last 2 years, CRWD has beaten EPS and revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 29 upward revisions and 2 downward. Revenue estimates have seen 25 upward revisions and 6 downward.
Piper Sandler said CrowdStrike's (CRWD) investor day was focused around "competitive differentiation" against Microsoft and laying out a "conservative framework" to reach $5B in annual recurring revenue by 2026.
Wedbush there is "little downside risk" to CrowdStrike's (CRWD) fiscal 2026 target, saying it should be able to meet and beat Wall Street estimates.
SA contributor JR Research said recent price action indicates that investors rushed in, likely expecting robust guidance. "A tepid guidance could inflict pain on recent buyers who chased the surge but open up opportunities for dip buyers looking for a more attractive risk/reward on CRWD's secular opportunities."
CrowdStrike (CRWD) shares rose after the cybersecurity firm posted strong fourth-quarter results and guidance, prompting Wall Street analysts to laud the "quick recovery" from last quarter's blip. 
At the time, BMO said it's unlikely that one quarter would stave off competition and pricing concerns, but the results were positive, especially in light of the stock's "attractive" valuation.
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