Benefitfocus (NASDAQ:BNFT) 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
Benefitfocus beat estimated earnings by 242.86%, reporting an EPS of $0.24 versus an estimate of $0.07.
Revenue was up $1.13 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 0.36% drop in the share price the next day.
Here's a look at Benefitfocus's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.23 | -0.14 | -0.11 | 0.05 |
| EPS Actual | -0.19 | -0.18 | 0.01 | 0.18 |
| Revenue Estimate | 59.04M | 59.16M | 60.25M | 74.83M |
| Revenue Actual | 62.03M | 60.90M | 65.06M | 76.23M |
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
Benefitfocus management provided guidance for their next quarter, expecting earnings between $-0.15 and $-0.09 per share for the next quarter.
This represents a -150.0% in quarter-over-quarter growth for Benefitfocus, 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.
