NuVasive (NASDAQ:NUVA) reported its Q4 earnings results on Wednesday, February 23, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
NuVasive missed estimated earnings by 16.67%, reporting an EPS of $0.4 versus an estimate of $0.48.
Revenue was up $10.27 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.22 which was followed by a 1.6% increase in the share price the next day.
Here's a look at NuVasive's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.54 | 0.44 | 0.35 | 0.55 |
| EPS Actual | 0.32 | 0.60 | 0.37 | 0.59 |
| Revenue Estimate | 291.79M | 285.08M | 261.77M | 298.36M |
| Revenue Actual | 270.84M | 294.83M | 271.25M | 291.81M |
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 their next quarter, expecting earnings between $2.05 and $2.35 per share for the next quarter.
This represents a 450.0% in quarter-over-quarter growth for NuVasive, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
