Varonis Systems (NASDAQ:VRNS) reported its Q1 earnings results on Monday, May 2, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Varonis Systems beat estimated earnings by 10.0%, reporting an EPS of $-0.09 versus an estimate of $-0.1.
Revenue was up $21.48 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 3.48% increase in the share price the next day.
Here's a look at Varonis Systems's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.02 | -0.03 | -0.13 |
| EPS Actual | 0.16 | 0.05 | -0.01 | -0.08 |
| Revenue Estimate | 121.98M | 97.41M | 83.68M | 68.90M |
| Revenue Actual | 126.58M | 100.35M | 88.42M | 74.78M |
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
Varonis Systems management provided guidance for Q2 2022, expecting earnings between $-0.02 and $-0.01 per share.
To track all earnings releases for Varonis Systems visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
