ACV Auctions (NASDAQ:ACVA) reported its Q1 earnings results on Wednesday, May 11, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
ACV Auctions missed estimated earnings by 18.75%, reporting an EPS of $-0.19 versus an estimate of $-0.16.
Revenue was up $33.98 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 12.59% increase in the share price the next day.
Here's a look at ACV Auctions's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.20 | -0.17 | -0.28 | -0.68 |
| EPS Actual | -0.17 | -0.16 | -0.06 | -0.51 |
| Revenue Estimate | 86.50M | 87.42M | 74.30M | 56.69M |
| Revenue Actual | 100.18M | 91.80M | 97.37M | 69.09M |
To track all earnings releases for ACV Auctions visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
