Magic Software (NASDAQ:MGIC) reported its Q1 earnings results on Thursday, May 12, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Magic Software beat estimated earnings by 8.33%, reporting an EPS of $0.26 versus an estimate of $0.24.
Revenue was up $31.41 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 3.69% drop in the share price the next day.
Here's a look at Magic Software's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.21 | 0.20 | |
| EPS Actual | 0.26 | 0.24 | 0.23 | 0.21 |
| Revenue Estimate | 125.50M | 111.00M | 104.47M | 100.66M |
| Revenue Actual | 133.00M | 120.87M | 119.16M | 107.30M |
To track all earnings releases for Magic Software visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
