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Benzinga Insights

Avalara: Q1 Earnings Insights

Avalara (NYSE:AVLR) reported its Q1 earnings results on Thursday, May 5, 2022 at 05:10 PM.

Here's what investors need to know about the announcement.

Earnings

Avalara beat estimated earnings by 166.67%, reporting an EPS of $0.08 versus an estimate of $-0.12.

Revenue was up $50.93 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 9.73% drop in the share price the next day.

Here's a look at Avalara's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.08 -0.07 -0.09 -0.11
EPS Actual -0.06 -0.03 0.02 -0.08
Revenue Estimate 184.34M 169.98M 153.10M 143.11M
Revenue Actual 195.14M 181.17M 169.07M 153.60M

To track all earnings releases for Avalara visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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