Can TENB sustain its EPS momentum into Q1 2025?

**Tenable Holdings Inc. (TENB) is poised to sustain its EPS momentum into Q1 2025**, based on several key factors: 1. **Consistent Performance**: TENB has demonstrated a consistent track record of beating EPS expectations. In Q2 2024, the company reported an EPS of $0.31, surpassing the analyst estimate of $0.24. This was followed by a Q3 guidance that suggested an EPS of $0.22-0.24, indicating a continued focus on profitability. |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |TENB|TENB.O|Tenable Holdings|2024 Q1|45.45454545454546|-0.12|185| |TENB|TENB.O|Tenable Holdings|2024 Q2|14.285714285714295|-0.12|185| |TENB|TENB.O|Tenable Holdings|2024 Q3|38.46153846153847|-0.08|185| 2. **Growth Projections**: Analysts have projected an average annual growth rate of 55% for Tenable Holdings, anticipating a final loss in 2025 before generating positive profits of $35 million in 2026. This suggests a strong potential for EPS growth into Q1 2025. 3. **Market Sentiment**: Despite a mixed quarter with declining share prices, Tenable Holdings received positive remarks from Co-CEO and CFO Steve Vintz, who highlighted better-than-expected results for CCB, revenue, operating income, EPS, and unlevered free cash flow. This internal optimism can translate into sustained EPS momentum. 4. **Analyst Confidence**: The recent initiation of coverage by Cantor Fitzgerald and Stephens & Co. with Overweight and Equal-Weight recommendations, respectively, indicates confidence in TENB's future performance. Both analysts have set price targets that suggest a significant upside from the current price, averaging around $50.36 per share, which implies a positive outlook for EPS growth. 5. **Financial Health**: Tenable Holdings is expected to approach breakeven, with analysts predicting an annual growth rate of 55% to achieve profitability. This aggressive growth trajectory supports the notion that TENB can sustain its EPS momentum. 6. **Industry Position**: As a leading player in the cybersecurity sector, Tenable Holdings is well-positioned to capitalize on the growing demand for cybersecurity solutions. The continued rise in cyber threats and the adoption of AI technologies are expected to drive growth in the cybersecurity industry, benefiting TENB's EPS trajectory. In conclusion, considering Tenable Holdings' historical performance, growth projections, market sentiment, analyst confidence, financial health, and industry positioning, it is reasonable to anticipate that TENB can sustain its EPS momentum into Q1 2025.