NuVasive (NASDAQ:NUVA) reported its Q1 earnings results on Wednesday, May 4, 2022 at 05:10 PM.
Here's what investors need to know about the announcement.
Earnings
NuVasive beat estimated earnings by 38.46%, reporting an EPS of $0.54 versus an estimate of $0.39.
Revenue was up $19.51 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.08 which was followed by a 3.49% increase in the share price the next day.
Here's a look at NuVasive's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.54 | 0.44 | 0.35 |
| EPS Actual | 0.40 | 0.32 | 0.60 | 0.37 |
| Revenue Estimate | 298.95M | 291.79M | 285.08M | 261.77M |
| Revenue Actual | 302.07M | 270.84M | 294.83M | 271.25M |
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
NuVasive management provided guidance for FY 2022, expecting earnings between $2.15 and $2.45 per share.
To track all earnings releases for NuVasive visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
