Clarivate (NYSE:CLVT) reported its Q1 earnings results on Monday, May 9, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Clarivate beat estimated earnings by 16.67%, reporting an EPS of $0.21 versus an estimate of $0.18.
Revenue was up $230.70 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 2.39% drop in the share price the next day.
Here's a look at Clarivate's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.21 | 0.15 | 0.17 | 0.12 |
| EPS Actual | 0.23 | 0.16 | 0.17 | 0.14 |
| Revenue Estimate | 560.10M | 447.39M | 435.24M | 418.08M |
| Revenue Actual | 560.20M | 442.20M | 447.00M | 431.50M |
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
Clarivate management provided guidance for FY 2022, expecting earnings between $0.85 and $0.95 per share.
To track all earnings releases for Clarivate visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
