Avid Technology (NASDAQ:AVID) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Avid Technology beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.
Revenue was up $14.76 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 18.28% increase in the share price the next day.
Here's a look at Avid Technology's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.25 | 0.23 | 0.21 | 0.32 |
| EPS Actual | 0.27 | 0.25 | 0.28 | 0.33 |
| Revenue Estimate | 96.69M | 91.54M | 90.59M | 104.99M |
| Revenue Actual | 101.64M | 94.88M | 94.36M | 104.30M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Avid Technology management provided guidance for their next quarter, expecting earnings between $0.3 and $0.38 per share for the next quarter.
This represents a -26.09% in quarter-over-quarter growth for Avid Technology, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
