OSI Systems (NASDAQ:OSIS) reported its Q2 earnings results on Thursday, January 27, 2022 at 09:00 AM.
Here's what investors need to know about the announcement.
Earnings
OSI Systems beat estimated earnings by 9.4%, reporting an EPS of $1.28 versus an estimate of $1.17, which did not surprise analysts.
Revenue was up $672.00 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 1.06% drop in the share price the next day.
Here's a look at OSI Systems's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.12 | 1.48 | 1.33 | 1.14 |
| EPS Actual | 1.16 | 1.54 | 1.38 | 1.35 |
| Revenue Estimate | 270.24M | 316.94M | 290.51M | 272.66M |
| Revenue Actual | 279.26M | 332.20M | 283.79M | 276.01M |
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
OSI Systems management provided guidance for their next quarter, expecting earnings between $5.75 and $6.02 per share for the next quarter.
This represents a 359.77% in quarter-over-quarter growth for OSI Systems, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
