SolarWinds (NYSE:SWI) reported its Q1 earnings results on Thursday, May 5, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
SolarWinds beat estimated earnings by 9.09%, reporting an EPS of $0.24 versus an estimate of $0.22.
Revenue was down $80.03 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 1.24% drop in the share price the next day.
Here's a look at SolarWinds's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.27 | 0.21 | 0.40 |
| EPS Actual | 0.30 | 0.37 | 0.44 | 0.46 |
| Revenue Estimate | 181.82M | 178.57M | 256.44M | 252.95M |
| Revenue Actual | 186.72M | 181.27M | 261.97M | 256.90M |
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
SolarWinds management provided guidance for FY 2022, expecting earnings between $0.88 and $0.95 per share.
To track all earnings releases for SolarWinds visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
